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Over $700 Million USDC Minted Following $1 Billion USDT Issuance

The crypto market saw nearly $1.7 billion in new stablecoin supply, with $1 billion USDT and $700 million USDC minted in rapid succession.

USDT
USDC

Summary

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Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a reserve asset, such as the US dollar, to maintain a stable value.
  • USDT (Tether): A widely used USD-pegged stablecoin issued by Tether, commonly used for crypto trading and settlements.
  • USDC (USD Coin): A USD-pegged stablecoin issued by Circle and Coinbase, designed for transparent and regulated use in digital payments and trading.