PANews reported on August 3 that according to official data, in the 7 days ending August 1, Circle issued about 2.4 billion USDC, redeemed about 3.3 billion USDC, and the circulation decreased by about 900 million. The total circulation of USDC is 32.9 billion US dollars, and the reserve is about 33 billion US dollars, including 3.4 billion US dollars in cash and 29.6 billion US dollars in Circle Reserve Fund.