According to official data, within the 7 days ending on October 31st, Circle issued approximately 2.4 billion USDC and redeemed approximately 2 billion USDC, resulting in an increase of approximately 300 million USDC in Circulating Supply. The total Circulating Supply of USDC is 34.7 billion, with a reserve of approximately 34.9 billion US dollars, including approximately 4.3 billion US dollars in cash and approximately 30.6 billion US dollars held by the Circle Reserve Fund.