#Massive Issuance of USDC#
Hot Topic Overview
Overview
There has been a large-scale issuance of USDC recently. In the past few days, the issuance of USDC has increased significantly. According to Whale Alert, USDC Treasury has issued over 71 million USDC on the Ethereum chain in the past two hours. Since the issuance of Trump Coin, Circle has issued a cumulative 2.5 billion USDC on the Solana chain in 4 days. Last night, the issuance of USDC increased by $2.9 billion, which may be due to the news of the SEC establishing a crypto working group. Since the issuance of Trump Coin, the issuance of USDC has increased by over $4.5 billion.
Ace Hot Topic Analysis
Analysis
The recent large-scale issuance of USDC has attracted market attention. According to Whale Alert, USDC Treasury has issued over 71 million USDC on the Ethereum chain in the past two hours. In addition, Circle has issued 2.5 billion USDC on the Solana chain in the past four days since Trump announced the issuance of cryptocurrency. It is reported that the USDC issuance volume increased by $2.9 billion overnight, which may be stimulated by the news of the SEC's establishment of a crypto working group. Since Trump's announcement of cryptocurrency, the USDC issuance volume has increased by more than $4.5 billion. This shows that the market demand for USDC is rising, which may be due to investors' increased demand for stablecoins as a safe haven and positive expectations for the SEC's establishment of a crypto working group.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC issuance has recently surged significantly, related to the news of SEC establishing a crypto task force and TRUMP launching a cryptocurrency.
USDC Treasury has issued a large amount of USDC on the Ethereum chain, indicating increased demand for USDC.
Circle has issued a large amount of USDC on the Solana chain, suggesting that USDC's applications are expanding across different blockchains.
The increase in USDC issuance may be related to the increased demand for stablecoins in the market and the rising investment interest in cryptocurrencies.