Circle reported that USDC circulation decreased by approximately 800 million over the 7 days ending October 8, with about 9.7 billion USDC issued and 10.5 billion redeemed. Total circulation now stands at 73 billion USDC, backed by reserves of approximately $73.2 billion, including $36.3 billion in overnight reverse Treasury repos and $26.9 billion in Treasuries maturing in less than 3 months.