PANews reported on May 24 that according to official data, in the seven days ending May 22, Circle issued about 4.3 billion USDC, redeemed about 3.5 billion USDC, and the circulation increased by about 800 million. The total circulation of USDC is 61.3 billion, and the reserve is about 61.5 billion US dollars, of which about 8.1 billion is in cash, and the Circle Reserve Fund holds about 53.5 billion US dollars.