• 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

Community Backlash and Regulatory Interest in AI Deepfakes

chest

The recent emergence of AI-generated deepfake videos featuring the cast of Stranger Things has led to significant community backlash, particularly due to the lack of an official response from Netflix. Fans have expressed their dissatisfaction, labeling the videos as creepy and disturbing. This situation has prompted discussions about the ethical implications of AI in content creation and has raised calls for regulatory action.

user avatarTenzin Dorje

BlockDAG Challenges Solana and Avalanche in Scalability

chest

BlockDAG enters the blockchain space with a unique approach to scalability, raising significant funds in its presale.

user avatarBayarjavkhlan Ganbaatar

Cronos Struggles Despite New Partnership with Upbit

chest

Cronos struggles to gain momentum despite a new collaboration with Upbit for CRO staking services.

user avatarElias Mukuru

FLOKI Coin Struggles with Centralization Despite Strong Community

chest

FLOKI has a strong community but faces risks due to its token supply structure.

user avatarGustavo Mendoza

Investors Shift Focus to Sustainable Token Systems in Crypto Market

chest

Investors are increasingly prioritizing sustainable token systems over hype-driven investments.

user avatarDiego Alvarez

Render RENDER Shows Structured Recovery After Accumulation Phase

chest

Render RENDER has shown a structured recovery after a prolonged accumulation phase, building a base between 080 and 110.

user avatarKenji Takahashi

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.