Circle Mints USDC Worth US$100 Million on Algorand Network, Competes with USDT
Circle, the issuer of the USDC stablecoin, is reported to have minted its stablecoin worth US$100 million. This minting took place on the Algorand blockchain network.
This move will increase the supply and demand for liquidity for trading. Thus, Circle's initiative competes with Tether's USDT, which has recently minted more stablecoins.
This step is considered in line with trading trends that are increasingly adopting stablecoin crypto assets. It is known that the total supply of USDC currently reaches 60.6 million tokens with a market capitalization of US$61.5 billion.
For your information, Shopify, the online shopping platform, will add payment options using the USDC stablecoin asset created by Circle. With this integration, it makes it easier for users to make payments with USDC without having to exchange it for fiat first.
#MyTradingStyle #GENIUSActPass #DAOBaseAIBinanceTGE $USDC
Circle, the issuer of the USDC stablecoin, is reported to have minted its stablecoin worth US$100 million. This minting took place on the Algorand blockchain network.
This move will increase the supply and demand for liquidity for trading. Thus, Circle's initiative competes with Tether's USDT, which has recently minted more stablecoins.
This step is considered in line with trading trends that are increasingly adopting stablecoin crypto assets. It is known that the total supply of USDC currently reaches 60.6 million tokens with a market capitalization of US$61.5 billion.
For your information, Shopify, the online shopping platform, will add payment options using the USDC stablecoin asset created by Circle. With this integration, it makes it easier for users to make payments with USDC without having to exchange it for fiat first.
#MyTradingStyle #GENIUSActPass #DAOBaseAIBinanceTGE $USDC
