According to official data, in the seven days ended February 27, Circle issued about 3.7 billion USDC and redeemed about 4.3 billion USDC, reducing the circulation by about 600 million. The total circulation of USDC is 55.50 billion, and the reserve is about 55.70 billion US dollars, of which cash is about 5.90 billion US dollars, and the Circle Reserve Fund holds about 49.80 billion US dollars.