According to CoinMeta, based on early issuance data of in, the circulation of USDC has increased by about 100 million in the past 7 days, reaching a total circulation of 71.9 billion. As of August 13th, approximately 5.4 billion USDC were issued and about 5.3 billion USDC were redeemed. The reserve amount of USDC is around 72.6 billion US dollars, of which overnight reverse treasury bond repurchases account for about 47.7 billion US dollars, treasury bonds with a term of less than 3 months amount to about 13.5 billion US dollars, deposits from systemically important institutions are about 10.2 billion US dollars, and other bank deposits amount to about 1.2 billion US dollars.