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USDC and USDT Minting Occurs Ahead of Federal Reserve Minutes Release

New issuances of stablecoins USDC and USDT were observed shortly before the publication of the U.S. Federal Reserve meeting minutes.

USDT
USDC

Summary

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Terms & Concepts
  • USDC: USD Coin, a U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the dollar.
  • USDT: Tether, a widely used U.S. dollar-pegged stablecoin issued by Tether Limited, intended to keep parity with the dollar.
  • Minting: The process of creating new tokens or coins on a blockchain, increasing the total supply of that cryptocurrency.