Check out my latest tutorial on setting up a simple Print Then Cut project that prints text inside a circle and then cuts around the circle.
Above is an image showing the printed design before I cut with my Cricut Explore Air 2.
The above image shows how the Cricut cut this design.
The above image shows why Design Space adds a bleed to the outer edges of any designs that will be printed and then cut. This prevents your design from having ugly white edges.
If you want to turn the bleed off, you can do that in the cut screen.
Below is the tutorial.