Data: USDC circulation decreased by about 600 million in the past 7 days

According to official data, within the 7 days ending on February 27, Circle issued approximately 3.7 billion USDC, redeemed approximately 4.3 billion USDC, and the circulation decreased by approximately 600 million tokens. The total circulation of USDC is 55.5 billion tokens, with reserves of approximately 55.7 billion US dollars, of which approximately 5.9 billion US dollars are in cash, and the Circle Reserve Fund holds approximately 49.8 billion US dollars.