Circle issued and redeemed USDC in the past week, reducing the circulation by about $200 million

According to ChainCatcher, official data shows that as of May 2, Circle has issued a total of $2.8 billion USDC in the past 7 days, redeemed about $3 billion USDC, and reduced the circulation by about $200 million. Currently, the total circulation of USDC is $33.1 billion, and the reserve is $33.2 billion, of which about $3.4 billion is in cash, and the Circle Reserve Fund holds about $29.8 billion.