According to Foresight News, Circle, a blockchain-based financial services company, issued approximately 1 billion USDC tokens and redeemed about 800 million USDC tokens between August 24 and August 31. This resulted in an increase of around 300 million USDC tokens in circulation. As of August 31, there were 26.1 billion USDC tokens in circulation, with a reserve fund of $26.3 billion.