Golden Finance reported that according to official data, as of August 29, Circle issued about 2.5 billion USDC and redeemed about 2.6 billion USDC in the past 7 days, with a circulation reduction of about 100 million; in the past 30 days, Circle issued about 12.6 billion USDC and redeemed about 11.4 billion USDC, with a circulation increase of about 1.2 billion. Currently, the total circulation of USDC is 34.6 billion US dollars, and the reserve is about 34.8 billion US dollars, of which 3.9 billion US dollars are in cash and 30.9 billion US dollars are held by the Circle Reserve Fund.