Odaily Planet Daily News Circle official website data shows that as of March 9, the total circulation of USDC is 43.4 billion US dollars, and the reserve is 43.5 billion US dollars, of which 11.1 billion US dollars are in cash in the reserve bank (accounting for more than 25%), and 32.4 billion US dollars are in short-term US Treasury bonds. Circle has issued a total of 3.3 billion US dollars in USDC in the past 7 days, redeemed 3 billion US dollars in USDC, and increased the circulation by 300 million US dollars. Circle has issued a total of 18.6 billion US dollars in USDC in the past 30 days, redeemed 17 billion US dollars in USDC, and increased the circulation by 1.6 billion US dollars. Circle has issued a total of 185.6 billion US dollars in USDC in the past 365 days, redeemed 194.6 billion US dollars in USDC, and reduced the circulation by about 9 billion US dollars. According to previous reports, stablecoin issuer Circle tweeted that Silicon Valley Bank is one of Circle's six banking partners and is responsible for jointly managing about 25% of USDC's cash reserves. Circle is currently waiting to observe the impact of the US Federal Deposit Insurance Corporation's takeover of Silicon Valley Bank on its depositors, and Circle and USDC continue to operate normally.