PANews reported on August 2nd that according to official data, Circle issued approximately 5.4 billion USDC and redeemed approximately 6.4 billion USDC in the seven days ending July 31st, reducing the circulating supply by approximately 1.1 billion USDC. The total circulating supply of USDC is 63.9 billion, with reserves of approximately $64.2 billion, including approximately $8.8 billion in cash and approximately $55.4 billion held in the Circle Reserve Fund.