USDC Treasury has just issued an additional 100 million new USDC on the Ethereum Blockchain.
Specifically, according to data from Whale Alert on 14/8, the amount of newly minted USDC reached nearly 99.965 million USD, continuing to expand the supply of this popular stablecoin.
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USDC Treasury has issued an additional 100 million new USDC on Ethereum.
The newly minted value is nearly 99.965 million USD, increasing the USDC supply.
Verified data is monitored by the Whale Alert system.
How much new USDC has the USDC Treasury issued on the Ethereum Blockchain?
USDC Treasury has just added approximately 100 million new USDC, equivalent to nearly 99.965 million USD, on the Ethereum network, according to Whale Alert's report on 14/08.
This issuance reflects the expansion of USDC supply, helping to support liquidity and increasing trading demand in the cryptocurrency market. Data from Whale Alert is considered a reliable tool for monitoring large transactions of whales and organizations on-chain.
This addition also means an increase in USDC reserves, thereby supporting the stability and liquidity of this stablecoin in DeFi and CeFi transactions.
What is the significance of the issuance of 100 million USDC for the cryptocurrency market?
Increasing the new USDC supply means providing additional liquidity for the cryptocurrency ecosystem, especially when USDC is widely used in transactions and DeFi loans.
The issuance of a large volume of USDC somewhat reflects market trends, as institutions and investors need stablecoins to mitigate price volatility while maintaining stable cash flow for transactions and investments.
In particular, USDC issued by Circle is always closely monitored regarding the corresponding reserve amounts, enhancing reliability and integrity in the global stablecoin market.
The issuance of 100 million USDC is a testament to the trust in the importance of stablecoins in the cryptocurrency ecosystem and their role in providing liquidity and market stability.
Cryptocurrency financial expert, 2024
What is Whale Alert and what role does it play in monitoring USDC issuance?
Whale Alert is a system that monitors large transactions on the Blockchain, providing transparent and reliable data about the issuance and transfer activities of whales and large organizations.
Whale Alert's reporting of USDC issuance helps the community and investors receive timely information, thus assessing the impact on the stablecoin market and the overall cryptocurrency market.
Data and notifications from Whale Alert are often cited by analysts and reputable media to reflect the developments in digital assets.
Is there any impact from the increase in USDC supply on the value and stability of this stablecoin?
Increasing the USDC supply does not directly cause market volatility because this stablecoin is collateralized correspondingly with actual USD through reserve funds.
The additional issuance of stablecoins according to actual reserve ratios helps maintain fixed value and enhances liquidity in DeFi and centralized ecosystems.
Therefore, in addition to expanding the supply, USDC maintains a transparent audit standard to protect the trust of investors and users globally.
Frequently Asked Questions
How is USDC issued on the Ethereum Blockchain?
USDC is newly minted by USDC Treasury, based on the corresponding reserve capital and through smart contracts on the Ethereum network to ensure transparency.
Does the additional issuance of USDC affect the price of Bitcoin or Ethereum?
The issuance of USDC mainly increases liquidity for the market without directly causing price volatility with Bitcoin or Ethereum due to the stablecoin mechanism ensuring stability.
How reliable is Whale Alert in monitoring cryptocurrency transactions?
Whale Alert is one of the reputable tools providing real-time data on large transactions and issuance activities on the Blockchain recognized by the financial community.
Does the additional issuance of USDC lead to the risk of stablecoin inflation?
No, because USDC is always backed by actual USD reserves and transparent audits, limiting risks of inflation or depreciation.
In which fields is USDC most commonly used?
USDC is primarily used in trading, lending, staking, and DeFi applications, providing stable liquidity solutions and reducing the risk of cryptocurrency price volatility.
Source: https://tintucbitcoin.com/usdc-treasury-phat-hanh-100-trieu-usdc/
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