According to Foresight News, official data shows that in the past seven days, Circle issued a total of approximately US$3.5 billion USDC and redeemed US$2.8 billion USDC, increasing the circulation by US$600 million. Currently, the total circulation of USDC is US$32.4 billion, with reserves of US$32.6 billion, of which approximately US$4.2 billion is cash and approximately US$28.4 billion is held by the Circle Reserve Fund.