USDC circulating supply decreased by approximately $800 million over the seven-day period ending October 8, as Circle redeemed $10.5 billion while issuing $9.7 billion in new tokens. Total USDC circulation now stands at $73 billion following the net outflow. Circle's reserve backing totals approximately $73.2 billion, comprising $36.3 billion in overnight reverse repurchase agreements, $26.9 billion in Treasury bills with maturities under three months, $9.3 billion in deposits at systemically important institutions, and $700 million in other bank deposits.