PANews reported on November 9 that according to official data, in the seven days ending November 7, Circle issued about 3.7 billion USDC, redeemed about 1.6 billion USDC, and the circulation increased by about 2.2 billion. The total circulation of USDC is 36.8 billion, and the reserve is about 37 billion US dollars, of which about 4.9 billion US dollars are in cash, and the Circle Reserve Fund holds about 32.1 billion US dollars.