According to official data, as of July 18, Circle has issued about $2.10 billion USDC in the past seven days, redeemed about $2.30 billion USDC, and reduced circulation by about $200 million. The USDC has total liquidity of $33.60 billion and reserves of $33.80 billion, of which cash is about $4.10 billion and the Circle Reserve Fund holds about $29.70 billion.