Circle lost $500 million in USDC circulation over the past week

According to BlockBeats, on August 14, according to the official announcement, between August 5 and 12, Circle issued a total of $1 billion USDC, redeemed $1.5 billion USDC, USDC circulation decreased by $500 million. As of August 12, the USDC had $53.8 billion in total liquidity and $54 billion in reserves, including $11.5 billion in cash and $42.5 billion in short-term Treasury bills.