According to official data on January 25th, within the 7 days leading up to January 23rd, Circle issued approximately 10.3 billion USDC and redeemed approximately 4.9 billion USDC, resulting in an increase of approximately 5.5 billion USDC in circulation. The total circulation of USDC is approximately 51.9 billion, with a reserve of approximately 52.1 billion US dollars, including approximately 6.1 billion US dollars in cash and the Circle Reserve Fund holding approximately 46.1 billion US dollars.