As of May 25th, the circulating supply of USDC dropped to 29 billion tokens.
According to BlockBeats news on May 29th, based on data from Circle's official website, between May 18th and May 25th, Circle issued approximately 1.2 billion USDC and redeemed approximately 1.7 billion USDC, resulting in a decrease in circulation of approximately 500 million USDC. As of May 25th, the total circulation of USDC is approximately 29 billion, with a reserve of 29.2 billion US dollars.