According to ChainCatcher, as of July 25, Circle has issued about $2.7 billion USDC in the past 7 days, redeemed about $2.6 billion USDC, and the circulation increased by less than $100 million. The total circulation of USDC is $33.7 billion, and the reserve is $33.9 billion, of which about $4.2 billion is in cash, and the Circle Reserve Fund holds about $29.7 billion.