📢 Latest update on USDC on Ethereum
According to Whale Alert, the USDC Treasury has recently minted 64,457,620 USDC on the Ethereum network, equivalent to approximately 64,441,957 dollars. This massive issuance reinforces the liquidity of the ecosystem and may be related to institutional movements, reserve adjustments, or preparation for new DeFi integrations.
🔍 Key context:
- The minting was detected by monitoring tools such as Whale Alert.
- It was carried out directly from the USDC Treasury, managed by Circle.
- Ethereum remains the main network for USDC operations, despite its multichain expansion.
💡 What could this mean for the market?
- Possible increase in lending, staking, or trading activity with $USDC .
- A sign of institutional confidence in Ethereum as the underlying infrastructure.
- Potential impact on the price stability of USDC and $ETH if linked to large capital movements.