According to BlockBeats On-chain Detection, Circle, the issuer of USDC, has minted an additional 50 million USDC tokens on the Ethereum network. This transaction was completed at 23:16 UTC+8. The move is part of Circle's ongoing efforts to manage the supply of its stablecoin, USDC, which is widely used in various financial applications and decentralized finance (DeFi) platforms.
Circle Mints 50 Million USDC on Ethereum Network
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