Data: USDC circulation increased by approximately 1.1 billion in the past 7 days

According to official data, Circle issued approximately 3.3 billion USDC and redeemed approximately 2.2 billion USDC in the seven days ending on January 16th, resulting in a net increase of approximately 1.1 billion USDC in circulation. The total circulation of USDC is currently 46.4 billion, with a reserve of approximately 46.5 billion US dollars, including approximately 5.8 billion US dollars in cash and approximately 40.8 billion US dollars held by the Circle Reserve Fund.