Data: The circulation of USDC has decreased by approximately 1.7 billion in the past 7 days

According to official data, in the 7 days ending May 14, Circle issued approximately 5.4 billion USDC, redeemed about 7.1 billion USDC, and the circulation decreased by approximately 1.7 billion. The total circulation of USDC is 76.5 billion, with reserves of about 76.7 billion USD, including overnight reverse repurchase agreements of about 48.3 billion USD; Treasury bonds with maturities of less than 3 months of about 16.1 billion USD; deposits from systemically important institutions of about 11.9 billion USD; and other bank deposits of about 500 million USD.