Circle Mints $1 Billion in USDC in Single Day

The stablecoin issuer created nearly $9 billion in USDC over the past month, reflecting significant market activity.

USDC

Summary

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Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value ratio with the dollar.
  • Minting: The process of creating new units of a cryptocurrency or token, typically recorded on a blockchain.
  • Stablecoin: A type of cryptocurrency pegged to a stable reserve asset, such as fiat currency, to minimize price volatility.