Data: USDC circulation decreased by $600 million in the past week, with total circulation at $32.7 billion

ChainCatcher news, according to official data, as of May 23, Circle has issued a total of US$2.6 billion USDC and redeemed US$3.2 billion USDC in the past seven days, resulting in a reduction of US$600 million in circulation.

It is reported that the total circulation of USDC is US$32.7 billion, and its reserves are US$32.8 billion, of which approximately US$3.2 billion is cash and approximately US$29.6 billion is held by the Circle Reserve Fund.