According to BlockBeats, official data reveals that Circle issued approximately 3.9 billion USDC in the past seven days, while redeeming around 2.3 billion USDC. This activity has resulted in a net increase of about 1.6 billion USDC in circulation as of August 8, 2024.

Currently, the total circulation of USDC stands at 34.5 billion, with reserves amounting to 34.6 billion USD. Of these reserves, approximately 4.5 billion USD is held in cash, and the Circle Reserve Fund holds around 30.1 billion USD.