Back

Circle Mints 3 Billion USDC in Four Days, Lookonchain Reports

According to Lookonchain, the stablecoin issuer created 750 million USDC each day over the past four days, with the update reported on April 3.

USDC

Summary

No Summary provided as the original text is short

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
  • Stablecoin: A cryptocurrency built to track a stable asset, usually a fiat currency such as the U.S. dollar.
  • Minting: The creation of new digital tokens on a blockchain or within a token issuer’s supply system.