• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Circle's $USDC Minting Surge Signifies Growing Stablecoin Demand

user avatar

by Giorgi Kostiuk

a year ago

Circle, the issuer behind the $USDC stablecoin, minted 3.5 billion tokens on the Solana platform in the past week, indicating a significant rise in stablecoin demand.

Circle's Increased $USDC Minting

According to Loookonchain, Circle minted 3.5 billion $USDC over the past week, with an average daily minting of $250 million. This trend highlights the growing interest of the crypto community in dollar-pegged assets.

Circle's Role in Expanding $USDC and DeFi

The minting of 3.5 billion $USDC also underscores the expanding use of $USDC on Solana and the broadening landscape of DeFi services, marking Circle's significant contribution to the rising adoption of stablecoins and blockchain technologies.

Impact of Minting Surge on Crypto Market

The surge in $USDC minting reflects the strengthening position of stablecoins in the market and potential for further growth amid positive market momentum.

Increased focus on $USDC and its minting highlights the critical role of stablecoins in DeFi and growing interest in such assets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Lambda256 Expands Tokenization Capabilities to Real-World Assets

chest

Lambda256 expands its platform to include the tokenization of real-world assets like real estate and commodities, enhancing investment opportunities and market efficiency.

user avatarJacob Williams

Lambda256 Launches Innovative STO Platform in South Korea

chest

Lambda256 has launched an innovative Security Token Offering (STO) platform in South Korea to digitize traditional securities and enhance the digital asset infrastructure.

user avatarAndrew Smith

Clapp Finance Introduces Flexible Savings for Crypto Investors

chest

Clapp Finance introduces a new high-yield savings product allowing users to earn interest on various digital assets without locking funds.

user avatarAyman Ben Youssef

OKX TR Announces Delisting of Cryptocurrency Pairs

chest

OKX TR has announced the delisting of certain cryptocurrency pairs, including ULTI, GEAR, VRA, DAO, CXT, RDNT, and ELON tokens, to maintain transaction quality in its spot markets. The delisting will occur in two phases on January 27 and January 30, 2026.

user avatarZainab Kamara

Elon Musk Opens X's Recommendation Algorithm to the Public

chest

Elon Musk has announced that X's recommendation algorithm is now open-sourced and available for public evaluation on GitHub, aiming to enhance transparency and allow for collaborative development.

user avatarSon Min-ho

Insider Trading Concerns Intensify in Prediction Markets

chest

Concerns over insider trading in prediction markets have intensified due to high-profile bets on geopolitical events, highlighting the challenges of enforcement and the need for KYC measures.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.