According to Blockworks, as of June 30, USDC circulation was $27.9 billion. Data shows that this amount has dropped to $27.3 billion in less than 48 hours. The total supply of USDC has been declining since the beginning of the year, decreasing by more than 38% since January 1.
According to official data, as of June 29, Circle has issued a total of $500 million USDC in the past 7 days, redeemed $1 billion USDC, and reduced the circulation by $500 million. The total circulation of USDC is $27.9 billion, and the reserve is $28.1 billion, including $3.2 billion in cash and $24.9 billion held by the government money market fund Circle Reserve Fund.