Circle USDC circulation fell by $2.1 billion in the last week

From March 17 to March 24, Circle issued a total of USD 500 million USDC, redeemed USD 2.6 billion, and circulation declined by approximately USD 2.1 billion.

As of March 17, the entire circulation of USDC was 34.6 billion US dollars, while the reserve was 34.6 billion US dollars, including 5.6 billion US dollars in cash and 29 billion US dollars in short-term US government bonds.