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USDC Treasury Mints 30,000,000 New Coins Over The Course Of Several Minutes
Summary: 30,000,000 USDC was minted at the USDC treasury this afternoon, according to crypto transaction tracker Whale Alert. The Coinbase-backed stablecoin is tied to the US dollar and runs on Ethereum. USDC is the second-largest stablecoin in the cryptocurrency market behind Tether (USDT) with a market capitalization of $1,603,123,162 USD. The newly minted USDC comes one week after ...
30,000,000 USDC was minted at the USDC treasury this afternoon, according to crypto transaction tracker Whale Alert.
The Coinbase-backed stablecoin is tied to the US dollar and runs on Ethereum. USDC is the second-largest stablecoin in the cryptocurrency market behind Tether (USDT) with a market capitalization of $1,603,123,162 USD.
The newly minted USDC comes one week after Circle and Coinbase announced an update to the currency which features new gasless sends. The new update will allow third parties to pay Ethereum transaction fees on behalf of users in an effort to make the currency more accessible.
USDC's overall supply has been increasing over recent months. In July the total USDC supply surpassed the 1 billion marker. At the time of writing the coin has 1.6 billion circulating supply, data from CoinGecko shows.
By Emily Mason
Tags: Circle,Coinbase,Ethereum,Tether,USDC,Whale Alert
Link: USDC Treasury Mints 30,000,000 New Coins Over The Course Of Several Minutes [Copy]
