USDC circulation increased by about $1.6 billion in the past week, and the total circulation rose to $34.5 billion

According to official data, as of August 8, Circle issued approximately 3.9 billion USDC and redeemed approximately 2.3 billion USDC in the past 7 days, with a circulation increase of approximately 1.6 billion USDC.The total circulation of USDC is 34.5 billion US dollars, and the reserve is 34.6 billion US dollars, of which cash is about 4.5 billion US dollars, and the Circle Reserve Fund holds about 30.1 billion US dollars.