In accordance with BitcoinWorld, a massive 250 million USDC has been minted at the USDC Treasury, marking one of the largest stablecoin creation events recently. This activity, reported by Whale Alert, indicates that Circle has added 250 million new tokens to circulation, each backed by equivalent US dollars in reserve. The timing of the minting suggests potential increased trading activity, preparation for investments, or hedging against volatility. Large USDC minting often precedes market movements and can signal institutional positioning for action.
250 Million USDC Minted, Sparking Market Excitement
BitcoinWorldShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.