On July 21st, according to official data, in the seven days leading up to July 18th, Circle issued approximately 2.1 billion USDC and redeemed about 2.3 billion USDC, with a circulating supply increase of around 200 million tokens. The total circulation of USDC is $33.6 billion, with reserves of about $33.8 billion, including $4.1 billion in cash and the Circle Reserve Fund holding $29.7 billion.