According to official data from Circle on August 2nd, Circle issued approximately 5.40 billion USDC and redeemed approximately 6.40 billion USDC in the seven days ending July 31st, reducing the circulating supply by approximately 1.10 billion USDC. The total circulating supply of USDC is 63.90 billion, with approximately $64.20 billion in reserves, including approximately $8.80 billion in cash and approximately $55.40 billion in Circle's reserve fund.