Circle, the issuer of stablecoin USDC, has just minted $100 million worth of USDC — this time on the Algorand blockchain.
This move is expected to boost liquidity and trading volume, positioning USDC as a strong competitor to Tether’s USDT, which has recently ramped up its own stablecoin issuance.
The minting aligns with the growing trend of crypto trading powered by stablecoins, offering faster and more predictable transactions.
🔢 Total USDC supply now sits at 60.6 billion tokens, with a market cap of $61.5 billion.
💡 Meanwhile, Shopify, the global e-commerce platform, will soon integrate USDC payments, allowing customers to pay with crypto directly — no need to convert to fiat first!
🚀 Is Circle stepping up to challenge Tether’s dominance?
🌍 Will stablecoins define the next phase of mainstream crypto adoption?
⚠️ Disclaimer: Not Financial Advice (NFA). Always Do Your Own Research (DYOR).
ImageSource: Bloomberg
