According to official data, in the 7 days ending April 24, Circle issued approximately 3.7 billion USDC and redeemed around 2.5 billion USDC, resulting in a net increase of about 1.2 billion in circulation. The total USDC supply stands at 62 billion, backed by $62.3 billion in reserves — $7.9 billion in cash and $54.4 billion held in the Circle Reserve Fund.