According to PANews, official data reveals that Circle issued approximately $2.4 billion USDC and redeemed around $3.3 billion USDC in the seven days leading up to August 1. This resulted in a net decrease of about $900 million in circulation. The total circulation of USDC stands at $32.9 billion, with reserves amounting to approximately $33 billion. Of these reserves, $3.4 billion is held in cash, while the Circle Reserve Fund holds $29.6 billion.