PANews reported on May 17 that according to official data, in the seven days ending May 15, Circle issued about 2.9 billion USDC, redeemed about 3.7 billion USDC, and the circulation decreased by about 800 million. The total circulation of USDC is 60.5 billion, and the reserve is about 60.7 billion US dollars, of which about 7.3 billion US dollars are in cash, and the Circle Reserve Fund holds about 53.4 billion US dollars.