Data: USDC circulation decreased by about 800 million in the past 7 days

According to official data, in the 7 days ended May 15, Circle issued about 2.9 billion USDC, redeemed about 3.70 billion USDC, and reduced the circulation by about 800 million. The total circulation of USDC is 60.50 billion, and the reserve is about 60.70 billion US dollars, of which cash is about 7.30 billion US dollars, and the Circle Reserve Fund holds about 53.40 billion US dollars.