USDC circulation decreased by $300 million in the past week

Official data shows that in the past 7 days, Circle has issued a total of $800 million USDC, redeemed $1.1 billion USDC, and reduced the circulation by about $300 million. As of June 15, the total circulation of USDC was $28.2 billion, and the reserve was $28.3 billion, including $3.5 billion in cash and $24.8 billion in overnight repurchase agreements.