USDC TRAFFIC HAS INCREASED BY ABOUT 800 MILLION IN THE LAST SEVEN DAYS

On 23 August, according to official data, as of 20 August, in seven days, about 7.5 billion USDCs had been released by Circle, redeeming about 6.7 billion USDCs and increasing circulation by about 800 million. The total circulation of USDC was 72.7 billion, with reserves of approximately $72.9 billion, of which round-the-clock counter-national debt buy-backs of about $48.1 billion; sovereign debt of about $12.7 billion with a maturity of less than three months; deposits of about $11.4 billion for systemically important institutions; and other bank deposits of about $700 million。