According to official data, in the seven days ended December 26, Circle issued approximately 3.4 billion USDC, redeemed approximately 2.3 billion USDC, and its circulation increased by approximately 1.1 billion. The total circulation of USDC is 42.4 billion units, and reserves are approximately US$43.7 billion, of which approximately US$6.1 billion is in cash, and the Circle Reserve Fund holds approximately US$37.6 billion.