Add as a preferred source on GoogleUSDC Treasury Mints $250 Million in USD Coin (USDC)
The mint increases USDC’s circulating supply. Similar 250 million-token issuances occurred on Oct. 6, Oct. 2, Sept. 29 and Sept. 25.
USDC Treasury minted $250 million in USD Coin (USDC), increasing the circulating supply of the dollar-pegged stablecoin amid several similarly sized issuances in recent weeks.
USDC is designed to maintain a 1:1 value with the U.S. dollar. The latest creation brings another large issuance to a sequence that included 250 million USDC on Oct. 6, 250 million on Oct. 2 and 250 million on Sept. 29.
Two additional mints on Sept. 25 created 250 million USDC each, for a combined 500 million tokens. The Oct. 6 mint was previously covered by TokenPost.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.