Circle Mints $500 Million in USDC Stablecoin

The U.S.-based crypto firm issued a large volume of its dollar-pegged stablecoin USDC, signaling significant market activity.

USDC

130d ago

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Terms & Concepts

USDC: A stablecoin pegged to the U.S. dollar, issued by Circle, designed to maintain a 1:1 value ratio with USD.
Stablecoin: A cryptocurrency whose value is tied to a stable asset, such as a fiat currency, to minimize price volatility.
Minting: The process of creating new units of a cryptocurrency on its blockchain.