#Record-breaking USDC Issuance#
Hot Topic Overview
Overview
USDC is experiencing record-breaking issuance. Over the past 22 days, Circle has minted a cumulative $4.2 billion USDC on the Solana chain, pushing the stablecoin market cap on the Solana chain to exceed $10 billion, a historic high. At the same time, USDC's market cap has increased by 11.23% in the past 7 days, reaching $508.63 billion, making the total stablecoin market cap exceed $210 billion, also a new high. Reports suggest that USDC issuance increased by $2.9 billion overnight, possibly triggered by news of the SEC forming a crypto task force. Since the issuance of the Trump administration, Circle has issued an additional 2.5 billion USDC on the Solana chain in 4 days. These issuance activities indicate that USDC's popularity as a stablecoin is steadily increasing.
Ace Hot Topic Analysis
Analysis
Recent USDC issuance has reached a new high, likely spurred by news of the US Securities and Exchange Commission (SEC) forming a crypto task force. Since Trump's coin launch on the 18th, USDC issuance has increased by over $4.5 billion. Of this, Circle has minted $4.2 billion USDC in the past 22 days, including $2.5 billion issued on the Solana chain. Additionally, USDC Treasury minted over 71 million USDC on the Ethereum chain in the past two hours. These issuance activities have led to an 11.23% increase in USDC market capitalization over the past seven days, reaching $50.863 billion, and pushed the total stablecoin market capitalization to over $210 billion, setting a new record high. At the same time, the stablecoin market capitalization on the Solana chain also surpassed $10 billion, hitting a record high with a 69.36% increase over the past seven days. These data suggest that USDC is gaining increasing market prominence as a stablecoin, and its issuance and market capitalization growth trends reflect the continued market demand for stablecoins.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC issuance is related to the SEC's establishment of a crypto working group, which may be related to Trump's cryptocurrency event.
USDC issuance is mainly concentrated on the Solana chain, with a cumulative issuance of $4.2 billion in the past 22 days, pushing the stablecoin market cap on the Solana chain to exceed $10 billion.
USDC issuance also occurred on the Ethereum chain, with over 71 million coins issued in the past two hours.
USDC issuance pushes the total stablecoin market cap to exceed $210 billion, and USDC's market cap has increased by 11.23% in the past 7 days.