USDC circulation dropped by $100 million in the past week

According to official data, as of February 22, Circle issued approximately $1.1 billion USDC and redeemed over $1.2 billion USDC in the past 7 days, reducing the circulation by $100 million. The total circulation of USDC is $28 billion, with a reserve of $28.1 billion, of which $2.9 billion is in cash and Circle Reserve Fund holds $25.2 billion.