According to BlockBeats, official data reveals that Circle issued approximately $2.1 billion USDC and redeemed around $2.3 billion USDC within the seven days leading up to July 18. This activity resulted in a net increase of about $200 million in circulation.

Currently, the total circulation of USDC stands at $33.6 billion, with reserves amounting to approximately $33.8 billion. Of these reserves, $4.1 billion is held in cash, while the Circle Reserve Fund holds $29.7 billion.