According to Foresight News, Circle, a leading digital currency company, has minted 50 million USDC tokens on the Ethereum blockchain. The transaction was detected by Whale Alert, a popular blockchain monitoring service, at 14:25.
USDC, or USD Coin, is a stablecoin pegged to the US dollar and is widely used in the cryptocurrency market for trading and transactions. The minting of new USDC tokens is a common occurrence as demand for stablecoins continues to grow in the digital currency space. The Ethereum blockchain is a popular choice for issuing stablecoins due to its decentralized nature and smart contract capabilities.
