As of September 12, within the past 7 days, Circle has issued approximately 3 billion USDC and redeemed about 2.5 billion USDC, increasing the circulation by around 500 million. The total circulation of USDC is about 35.3 billion dollars, with reserves estimated at around 35.5 billion dollars, including cash of about 4.6 billion dollars and Circle Reserve Fund holding approximately 30.8 billion dollars.