in the 7 days leading up to February 6th, Circle issued approximately 4.6 billion USDC and redeemed approximately 2 billion USDC, resulting in a net increase of approximately 2.6 billion USDC in circulation. The total circulation of USDC is 55.7 billion, with a reserve of approximately 55.7 billion US dollars, of which approximately 6.8 billion US dollars are in cash and the Circle Reserve Fund holds approximately 48.9 billion US dollars.