According to official data, in the seven days ending November 14th, Circle issued approximately 2.7 billion USDC, redeemed approximately 2.9 billion USDC, and reduced circulation by approximately 200 million pieces. The total circulation of USDC is 36.7 billion pieces, with reserves of approximately 36.9 billion US dollars, including cash of approximately 4.4 billion US dollars, and Circle Reserve Fund holding approximately 32.4 billion US dollars.