Circle Minted Additional USDC Amidst Market Volatility

In the wake of recent market volatility, Circle has taken action by minting an additional 750 million USDC units within the past hour, as reported by Foresight News. This comes following Tether’s substantial issuance of stablecoins valued at $8.5 billion in response to a similar downturn on October 11th. The combination of these actions underscores the significant response from key players in the digital currency market during periods of turbulence.