According to official data, as of July 25, Circle has issued about $2.70 billion USDC in the past seven days, redeemed about $2.60 billion USDC, and increased circulation by less than $100 million. The USDC has total liquidity of $33.70 billion and reserves of $33.90 billion, of which cash is about $4.20 billion and the Circle Reserve Fund holds about $29.70 billion.