CoinWorld reported on July 12 that, according to official data, within the 7 days up to July 10, Circle issued approximately 3.3 billion USDC, redeemed about 2.6 billion USDC, and the circulation increased by approximately 700 million. The total circulation of USDC is 62.7 billion, with reserves of about 62.9 billion USD, of which cash is approximately 9.2 billion USD, and the Circle Reserve Fund holds about 53.7 billion USD.