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Add as a preferred source on GoogleHow USDC Treasury Minting and Redemptions Affect Token Supply
Circle issues USD Coin (USDC) with a target value of $1. Minting adds to the amount issued but does not show where tokens go or whether trading liquidity changes.
Mentioned assets
Circle issues USD Coin (USDC), a stablecoin designed to track the U.S. dollar at $1.
Minting adds to the amount of USDC issued, but does not by itself show whether tokens were transferred to exchanges or other holders. It also does not establish a change in trading liquidity.
The USDC Treasury handles token minting and redemptions, managing supply in response to demand.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.