Data: USDC Circulation Decreased by Approximately 800 Million in the Past 7 Days

According to a report by Jinse Finance, based on official data, Circle issued approximately 2.9 billion USDC and redeemed about 3.7 billion USDC within the 7 days ending May 15, resulting in a decrease in circulation of about 800 million. The total circulation of USDC is 60.5 billion, with reserves of approximately 60.7 billion USD, including around 7.3 billion USD in cash, and the Circle Reserve Fund holds about 53.4 billion USD.