by: xpoolPosted on:

Circle Issues Another $1 Billion in USDC Following Market Downturn

Stablecoin issuer Circle has minted another $1 billion worth of USDC, reflecting the growing demand for stable assets following the recent crypto market crash. This follows Tether’s significant issuance in the aftermath of the October 11 downturn, totaling a staggering $13.25 billion. The increased supply is attributed to increasing liquidity demands from institutions and traders seeking stability during volatile periods.

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