Official data shows that as of January 2, during the past 7 days, Circle issued approximately 3 billion USDC, redeemed about 2.1 billion USDC, and the circulation increased by approximately 900 million. The total circulation of USDC is 44.3 billion, with reserves of about 44.4 billion USD, of which cash is approximately 6.5 billion USD, and the Circle Reserve Fund holds about 37.9 billion USD.