Circle has minted an additional 250 million USDC on the Solana network. CZ: Supports all meme coins and may buy or sell one or two meme coins in the coming weeks. CZ responded to community concerns regarding Giggle Academy’s sale of donated meme coins. He stated that he has not communicated with the Giggle Academy team and does not personally manage the relevant addresses. However, Giggle Academy converts or sells the majority of received donation tokens for BNB at the end of each month. Without a prior agreement or contract, sending or donating tokens to another address should not imply an expectation that the recipient will handle them according to the sender’s wishes, such as burning them.
Circle mints 250M USDC on Solana; CZ comments on meme coins
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Summary
On-chain news shows Circle’s USDC Treasury minted 250 million USDC on Solana. Binance CEO CZ commented on meme coin news, clarifying there was no prior contact with Giggle Academy. He said the team typically converts donated tokens to BNB on a monthly basis.
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