PANews reported on May 12 that according to official data, in the seven days as of May 9, Circle issued 2 billion USDC and redeemed 2 billion USDC, reducing the circulation by 100 million coins. The total circulation of USDC is US$33 billion, with reserves of US$33.1 billion, including US$3.3 billion in cash and US$29.8 billion held by the Circle Reserve Fund.