According to official data, as of November 21, Circle has issued about $3.70 billion USDC in the past seven days, redeemed about $2.20 billion USDC, and increased circulation by about $1.40 billion. The USDC has total liquidity of $38.10 billion and reserves of $38.30 billion, of which cash is about $5.80 billion and the Circle Reserve Fund holds about $32.50 billion.