According to official data, as of July 25th, Circle has issued approximately 2.7 billion USDC and redeemed approximately 2.6 billion USDC in the past 7 days, with an increase in circulation of less than 100 million USDC. The total circulation of USDC is 33.7 billion US dollars, with reserves of 33.9 billion US dollars, including cash of approximately 4.2 billion US dollars, and Circle Reserve Fund holding approximately 29.7 billion US dollars.