According to Foresight News, official data reveals that Circle has issued approximately $2.2 billion in USDC and redeemed around $2.2 billion in USDC over the past seven days, as of August 15. This activity has resulted in no significant change in the circulating supply of USDC.
The total circulating supply of USDC stands at $34.5 billion, with a reserve amount of $34.6 billion. Of this reserve, approximately $4.5 billion is held in cash, while the Circle Reserve Fund holds around $30.1 billion.