90 Million USDC Minted on Ethereum by Treasury

According to PANews on December 26, the USDC Treasury minted 90 million units of USDC on the Ethereum blockchain, yet no direct confirmations from Circle or major on-chain trackers are noted.

This unconfirmed USDC mint could suggest increased demand or market positioning, although lacking direct verification limits immediate assessment of repercussions within DeFi ecosystems or Ethereum liquidity metrics.

90 Million USDC Minted on Ethereum: Verification Lacking

Whale Alert reported that the USDC Treasury minted 90 million new USDC on Ethereum, although primary sources did not verify this event. Circle, responsible for USDC issuance, has not confirmed this minting through official channels.

Analysis of SVB’s failure and stablecoin implications provide essential lessons for understanding volatile financial environments.

Unfortunately, as you specified, there are no verified quotes or statements from key players or leadership at Circle or any related parties regarding this event.

Community and market response remains muted, with no major public statements from key industry figures such as Circle CEO Jeremy Allaire.

Stablecoin Market Sees Increased Activity, Yet Impact Remains Uncertain

Did you know? The USDC Treasury minted 60 million USDC just one day before this event, illustrating routine minting activity in stablecoin markets.

According to CoinMarketCap, USDC, priced at $0.99964, holds a market cap of $76.50 billion and dominates 2.59% of the market. Its 24-hour trading volume surged 73.24%, yet saw an overall 1.47% price decline, reflecting heightened trading activity.

Experts suggest, based on Coincu research, that continuous USDC issuance underscores stablecoin reliance, although fundamental changes require official validation to alter prevailing economic or technological themes.