According to BitcoinWorld, 250 million USDC was minted in a single event, marking one of the largest stablecoin injections this quarter. The report highlights that the creation of new USD Coin tokens, backed 1:1 by US dollars, reflects significant institutional or whale activity. The event is seen as a potential indicator of increased market liquidity, institutional demand, and DeFi ecosystem growth. Circle, the company behind USDC, maintains full reserves for every token, ensuring the stablecoin's peg to the US dollar.
250 Million USDC Minted in Single Event, Sparks Market Attention
BitcoinWorldShare
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