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Circle Mints $750 Million in USDC

The new issuance increases the supply of USDC, a U.S. dollar-pegged stablecoin commonly used for trading, payments, and blockchain-based transfers.

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Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the dollar.
  • Stablecoin: A cryptocurrency designed to track a stable asset such as the U.S. dollar, often used for settlement and trading liquidity.
  • Minting: The creation of new tokens on a blockchain, increasing the circulating or available supply of a digital asset.