According to CoinMeta, within a period of 7 days up to November 12th, Circle issued approximately 10.8 billion USDC, and redeemed about 12.1 billion USDC. As a result, the circulating supply decreased by around 1.3 billion coins. The total circulating supply of USDC is 67.9 billion coins, with a reserve amount of about 68.1 billion US dollars. Of this, overnight reverse treasury bond repurchases amounted to approximately 39.9 billion US dollars, treasury bonds with a term of less than 3 months totaled about 20.1 billion US dollars, deposits from systemically important institutions were around 7.4 billion US dollars, and other bank deposits amounted to about 600 million US dollars.