#Massive Issuance of USDC#
Hot Topic Overview
Overview
Recently, there has been a large-scale issuance of USDC. The latest overnight saw an increase of $2.9 billion, bringing the total increase since Trump's coin launch to over $4.5 billion. In the past two hours alone, USDC Treasury has issued over 71 million USDC on the Ethereum chain. Furthermore, Circle has issued 2.5 billion USDC on the Solana chain in the last four days since Trump's coin launch. These issuance actions may be related to the news of the SEC forming a crypto task force, or possibly due to increased market demand for stablecoins.
Ace Hot Topic Analysis
Analysis
There has been a large-scale issuance of USDC recently, attracting market attention. According to Whale Alert monitoring, USDC Treasury has issued over 71 million USDC on the Ethereum chain in the past two hours. In addition, since Trump announced the issuance of cryptocurrency, Circle has issued 2.5 billion USDC on the Solana chain in four days. According to analysis, USDC issuance has increased by over $4.5 billion since Trump's announcement on the 18th, and the latest $2.9 billion increase overnight is likely driven by the news of the SEC establishing a crypto task force. This indicates that the market demand for USDC is increasing, and investors may consider USDC more attractive as a stablecoin in the current volatile crypto market. Furthermore, the news of the SEC establishing a crypto task force may also encourage investors to shift their funds to regulated stablecoins such as USDC to mitigate potential regulatory risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC issuance has recently increased significantly, which may be related to the news of the SEC forming a crypto task force and TRUMP's issuance.
USDC Treasury has issued a large amount of USDC on the Ethereum chain, which may be related to market demand and the expansion of stablecoin use cases.
Circle has issued a large amount of USDC on the Solana chain, indicating that USDC is actively expanding into new blockchain networks to increase its influence.
The large-scale issuance of USDC may be related to increased market demand for stablecoins, or it may be related to Circle's strategic layout.