In 24 hours, Circle issued $750 million worth of USDC. What does this mean?
Circle issued $750 million in new stablecoins, of which $500 million was on the Solana network.
USDC has a market capitalization of around $72.15 billion, making it the second-largest stablecoin.
Over the past 24 hours, the supply of USDC increased by more than $750 million. The issuance took place in two stages: on October 20, USDC Treasury confirmed the issuance of $250 million in new tokens; on October 21, Circle issued around $500 million more USDC on the Solana network over a six-hour period. These figures are confirmed by on-chain analysts, as well as the Whale Alert and SolanaFloor services.
Circle issued $750 million in new stablecoins, of which $500 million was on the Solana network.
USDC has a market capitalization of around $72.15 billion, making it the second-largest stablecoin.
Over the past 24 hours, the supply of USDC increased by more than $750 million. The issuance took place in two stages: on October 20, USDC Treasury confirmed the issuance of $250 million in new tokens; on October 21, Circle issued around $500 million more USDC on the Solana network over a six-hour period. These figures are confirmed by on-chain analysts, as well as the Whale Alert and SolanaFloor services.