USDC Treasury has newly issued an additional 100 million USDC on-chain Ethereum.
This issuance is equivalent to nearly 100 million USD, according to data from the Whale Alert monitoring system updated on August 7.
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USDC Treasury issued an additional 100 million USDC on Ethereum.
The issuance value is nearly 100 million USD, increasing the cryptocurrency supply.
Data confirmed from the Whale Alert monitoring system, dated August 7.
What is USDC Treasury and its role in issuing Tokens on Ethereum?
USDC Treasury is the organization responsible for issuing and managing the amount of USDC - a popular type of Stablecoin in the cryptocurrency market.
The additional issuance of USDC on Ethereum helps increase the circulating Token supply, meeting the trading and liquidity needs of users. This is closely monitored to ensure the currency's value remains stable and transparent.
Why is the issuance of 100 million USDC on Ethereum important?
The issuance of 100 million USDC is equivalent to nearly 100 million USD, creating new supply, boosting liquidity, and supporting transactions on Ethereum.
Expanding the supply of USDC helps increase the usability of Stablecoin in the DeFi ecosystem, facilitating more efficient asset trading and conversion on the blockchain.
Specific information about the latest issuance from which monitoring source?
Data provided by Whale Alert, a system specializing in monitoring large Token issuance activities on the blockchain, especially Ethereum.
On August 7, the system recorded that USDC Treasury issued an additional 100 million USDC, this is transparent information and publicly announced, contributing to increasing the reliability of the cryptocurrency market.
"The continuous issuance of USDC reflects the high demand for liquidity and transactions on the Ethereum platform, while demonstrating the stability and important position of Stablecoin in the cryptocurrency market."
Quote from cryptocurrency financial analyst, August 2024
Frequently Asked Questions
What is USDC and its role in the cryptocurrency market?
USDC is a stablecoin issued across multiple blockchains, playing a role in stabilizing value, providing liquidity, and supporting efficient cryptocurrency transactions.
How does the additional issuance of USDC affect the market?
Increasing the supply of USDC helps to boost liquidity and support transactions but needs to ensure it does not pressure the value of the stablecoin downward.
What is Whale Alert and its role in monitoring?
Whale Alert is a system that tracks large transaction and Token issuance activities, helping to make information transparent in the blockchain market.
How to verify the issuance information of USDC?
The information is verified through reputable blockchain monitoring channels such as Whale Alert and public reports from USDC Treasury.
What role does Ethereum play in the issuance of USDC?
Ethereum is the main blockchain platform where USDC is issued and widely used in transactions and DeFi applications.
Source: https://tintucbitcoin.com/usdc-phat-hanh-them-100-trieu-tren-ethereum/
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