USDC Treasury Mints $92.43 Million Worth of Stablecoin on Ethereum

The USDC (Circle’s stablecoin) Treasury has recently conducted a significant transaction, minting 92.43 million USDC tokens on the Ethereum blockchain. This action adds substantial value to the cryptocurrency ecosystem and demonstrates the USDC Treasury’s active approach to supply management. This strategy involves both minting and burning USDC tokens as needed to adjust the stablecoin’s circulating supply based on market demands.