[Circle's USDC Circulation Decreases by 3.4 Billion in One Week] According to official data, within the 7 days ending January 29, Circle issued approximately 5.2 billion USDC and redeemed approximately 8.6 billion USDC, resulting in a net circulation decrease of about 3.4 billion. The total USDC circulation stands at 70.2 billion, with reserves of approximately 70.3 billion USD, including around 41.2 billion USD in overnight reverse repurchase agreements; approximately 18.8 billion USD in Treasury bills with maturities of less than 3 months; approximately 9.4 billion USD in deposits with systemically important institutions; and approximately 1 billion USD in other bank deposits.