USDC circulation increased by $800 million in the past week

According to official data, as of February 1, Circle issued approximately 2.4 billion USDC and redeemed over 1.5 billion USDC in the past 7 days, resulting in a circulation increase of 800 million USDC. The total circulation of USDC is 26.8 billion US dollars, with a reserve of 26.8 billion US dollars, of which 3.2 billion US dollars are in cash, and the Circle Reserve Fund holds 23.6 billion US dollars.