ME News: Within 7 days up to May 14, Circle issued approximately 5.4 billion USDC, redeemed about 7.1 billion USDC, resulting in a net decrease of approximately 1.7 billion USDC in circulation. The total circulation of USDC is 76.5 billion tokens, with reserves of about $76.7 billion, including overnight reverse repurchase agreements of $48.3 billion, Treasury bonds with less than 3 months to maturity worth $16.1 billion, deposits from systemically important institutions of $11.9 billion, and other bank deposits of $500 million. Source: PANews.

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