Data: USDC circulation has decreased by approximately 600 million pieces in the past 7 days

According to official data, in the seven days ending February 27th, Circle issued approximately 3.7 billion USDC and redeemed approximately 4.3 billion USDC, resulting in a decrease of approximately 600 million coins in circulation. The total circulation of USDC is 55.5 billion pieces, with reserves of approximately $55.7 billion, including cash of approximately $5.9 billion, and Circle Reserve Fund holding approximately $49.8 billion.