According to ChainCatcher, official data shows that as of May 23, Circle has issued a total of $2.6 billion USDC in the past 7 days, redeemed $3.2 billion USDC, and reduced the circulation by $600 million. Currently, the total circulation of USDC is $32.7 billion, and the reserve is $32.8 billion, of which about $3.2 billion is in cash, and the Circle Reserve Fund holds about $29.6 billion.