USDC circulation dropped by $200 million in the past week

According to official data from Odaily, as of September 7, Circle has issued a total of US$900 million USDC and redeemed US$1.1 billion USDC in the past seven days, and the circulation has decreased by US$200 million. The total circulation of USDC is US$25.9 billion, with reserves of US$26 billion, including US$1.7 billion in cash and US$24.3 billion held by the Circle Reserve Fund.