Data: The circulation of USDC has increased by approximately 400 million in the past 7 days

According to official data, in the 7 days ending May 21, Circle issued approximately 8.1 billion USDC, redeemed about 7.7 billion USDC, and the circulation increased by approximately 400 million. The total circulation of USDC is 76.9 billion, with reserves of about 77.1 billion USD, including overnight reverse government bond repurchases of about 45.7 billion USD; government bonds with maturities of less than 3 months of about 18.6 billion USD; deposits from systemically important institutions of about 12.2 billion USD; and other bank deposits of about 600 million USD.