USDC Treasury has just issued over 50 million new USDC on the Ethereum network.
USDC Treasury has minted an additional 50,083,900 new USDC worth nearly 50 million USD according to data on the Ethereum blockchain.
MAIN CONTENT
USDC Treasury issued 50,083,900 USDC on Ethereum.
The equivalent value is approximately 50 million USD.
The information is verified by Whale Alert's on-chain data.
What is USDC Treasury and what is its role in issuing new tokens?
USDC Treasury is the entity responsible for issuing and managing USDC, a popular stablecoin based on the Ethereum blockchain. The minting of new tokens aims to meet usage demand or ensure liquidity.
The USDC issuance process takes place on the Ethereum network, where transactions and smart contracts are recorded transparently, providing high reliability for investors and users. This helps maintain the stability of USDC against the USD.
Why is the issuance of 50 million new USDC important for the cryptocurrency market?
Issuing an additional 50 million USDC means providing more liquidity to the market, supporting trading activities, DeFi, and payments. This is a signal that the demand for stablecoins remains high.
Stablecoins like USDC play a key role in the cryptocurrency ecosystem, helping to minimize price volatility and facilitate efficient transactions. The increase in token supply also needs to be monitored to assess its impact on market dynamics.
USDC Treasury has just completed the issuance of over 50 million USDC to meet the rapidly increasing demand in the DeFi market.
Statement from Whale Alert report, August 15, 2023
How to verify the USDC issuance information on the Ethereum blockchain?
The issuance data is transparently recorded on the Ethereum blockchain, easily retrievable using on-chain explorer tools. Whale Alert provides very reliable real-time reports.
Users can check the number of newly minted USDC tokens, transaction information, and the wallet address of the issuer directly, ensuring transparency and authenticity of this event, which helps increase trust in the cryptocurrency ecosystem.
Frequently Asked Questions
On which platform is USDC issued?
USDC is issued on the Ethereum blockchain, using smart contracts to ensure transparency and security.
How does the additional issuance of USDC affect the token price?
The additional issuance helps increase liquidity, supports trading, but the price of USDC remains stable against the USD to maintain its role as a stablecoin.
How to track the issuance transaction of new USDC?
You can use on-chain explorer tools or Whale Alert to check the token issuance transactions on Ethereum.
Is USDC a stablecoin controlled by any organization?
USDC is issued by an officially managed organization and maintains its stable value against the USD.
Does the issuance of new tokens mean an increase in capital for USDC Treasury?
Token issuance helps increase the circulating token supply, enhances liquidity but does not directly increase capital for the treasury.
Source: https://tintucbitcoin.com/usdc-treasury-phat-hanh-50-trieu-usd/
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