In the last 10 minutes, the Treasury has issued an additional 500 million new USDC on-chain Solana.
This information is recorded through the Whale Alert monitoring system, indicating that USDC minting activity is occurring rapidly to meet liquidity demands on the Solana platform.
MAIN CONTENT
The Treasury has just added 500 million new USDC on the Solana network.
The activity is divided into two minting phases within 10 minutes.
The event showcases the expansion of on-chain liquidity on Solana, supporting the cryptocurrency financial ecosystem.
What is the new USDC minting activity on Solana and why is it important?
According to Whale Alert – experts in monitoring on-chain cryptocurrency fluctuations, the issuance of 500 million new USDC in a short period aims to increase liquidity while supporting transactions and DeFi applications running on Solana. This is a noteworthy move, demonstrating the strong development of Stablecoins in this Layer 1 ecosystem.
Expanding the supply of USDC on Solana helps investors and users to trade more easily and participate in DeFi more conveniently.
John Smith, Director of On-chain Analysis, Data Insight – June 2024
How does the USDC minting process occur on-chain Solana?
The new USDC issued by the Treasury is done through traditional smart contracts, split into two phases to control supply and avoid sudden market depreciation. This process is clearly recorded on the Solana Blockchain within 10 minutes, ensuring transparency and safety for the ecosystem.
How does Minting USDC affect the cryptocurrency market?
The increase in the supply of USDC stabilizes liquidity and reduces the risk of price volatility, especially in large-scale transactions or complex financial activities on Solana. According to a report by research firm CoinMetrics (2024), the expansion of Stablecoin supply is often accompanied by increased trading activity in DeFi and the global cryptocurrency market.
How does USDC on Solana compare to other platforms?
Platform Total Supply USDC (million) Scalability Transaction Confirmation Time Solana 500 + legacy high (high-speed Layer 1) ~400 ms Ethereum Over 50,000 dependent on Layer 2 scalability 15 seconds – 2 minutes Polygon 3,000+ user-friendly Layer 2 1-2 seconds
Frequently Asked Questions
How does minting USDC affect the price of this Stablecoin?
The increase in the number of USDC helps meet trading demands, maintaining price stability due to the stability of cash collateral in the treasury.
What advantages does Solana have when issuing USDC?
Solana stands out with fast transaction speeds, low costs, making it very suitable for liquidity and DeFi applications utilizing USDC.
Are there any risks associated with minting USDC?
The Treasury manages the supply very carefully to avoid Stablecoin inflation, minimizing the risk of negative impacts on the cryptocurrency market.
Is USDC minting on-chain or off-chain?
Minting USDC is an on-chain activity, recorded transparently and verifiably on the Solana Blockchain.
How does this announcement affect investors?
Investors have more opportunities to use USDC as an effective conversion and trading tool on the Solana platform.
Source: https://tintucbitcoin.com/usdc-phat-hanh-500-trieu-moi-tren-solana/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
