PANews reported on February 1 that according to official data, in the seven days ending January 30, Circle issued about 3.4 billion USDC, redeemed about 2.3 billion USDC, and the circulation increased by about 1.2 billion. The total circulation of USDC is 53 billion, and the reserve is about 53.2 billion US dollars, of which about 6.3 billion US dollars are in cash, and the Circle Reserve Fund holds about 46.9 billion US dollars.