Circle Minted 100 Million USDC on Ethereum: Market Impact and Liquidity Implications

Circle, the issuer of USD Coin (USDC), recently minted 100 million new USDC tokens on the Ethereum blockchain. This action has led to increased activity in the Ethereum network and potential implications for broader market dynamics. Whale Alert reported this significant mint on May 23, 2025, at approximately 22:06 UTC. The move is attributed to Circle’s consistent practice of adjusting USDC supply based on demand. This adjustment directly influences liquidity and market trends.