USDC Treasury Mints Over 50 Million USDC on Ethereum

Whale Alert reports that the USDC Treasury created more than 50 million new USDC tokens on the Ethereum network, valued at about $50.06 million.

209d ago

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Terms & Concepts

USDC (USD Coin): A stablecoin pegged to the US dollar, designed to maintain a 1:1 value with USD through reserves.
Minting: The process of creating new tokens on a blockchain, increasing the total supply.
Ethereum Blockchain: A decentralized, open-source blockchain featuring smart contract functionality, widely used for various tokens including stablecoins.