USDC circulation increased by 700 million in the past 7 days

According to official data, within the 7 days ending on February 29th, Circle issued 2 billion USDC and redeemed 1.3 billion USDC, increasing the circulating supply by 700 million. The total circulating supply of USDC is 28.7 billion US dollars, with a reserve of 28.8 billion US dollars, including 3.3 billion US dollars in cash and 25.5 billion US dollars held by the Circle Reserve Fund.