Circle mints 50 million new USDC on the Ethereum network to enhance liquidity"$ETH
According to on-chain data from BlockBeats, Circle, the official issuer of USDC, minted an additional amount of 50 million USDC on the Ethereum network at 23:16 UTC+8.
This move is part of Circle's ongoing policy to manage the supply of its stablecoin, which is widely used in decentralized finance (DeFi) applications and trading platforms.
Wider Context:
In May 2025, Circle minted approximately 283.8 million USDC on Ethereum, in addition to 250 million USDC on the Solana network.
These issuances aim to enhance liquidity and meet the growing demand from institutions, exchanges, and liquidity operators in the cryptocurrency market.
This approach reflects Circle's strategy for measured expansion and providing major blockchain networks with liquidity to support the growth of the DeFi ecosystem.
$ETH #BitcoinSPACDeal #Notcoin