According to PANews, official data shows that as of the week ending April 17, Circle issued approximately 3.2 billion USDC and redeemed about 2.2 billion USDC, resulting in a net increase of approximately 1 billion USDC in circulation. Currently, the total circulation of USDC is 60.8 billion, with around 61 billion USD in reserves. These reserves include approximately 7.7 billion USD in cash and about 53.3 billion USD in Circle's reserve fund.