#USDC Issuance Hits Record High#
Hot Topic Overview
Overview
USDC issuance has been steadily increasing recently, hitting record highs. Over the past 22 days, Circle has minted a total of $4.2 billion USDC on the Solana chain, and the USDC market cap has increased by 11.23% in the past 7 days. Analysts suggest that the surge in USDC issuance may be related to the SEC's formation of a crypto task force and the TRUMP coin event. Additionally, USDC Treasury recently issued a large amount of USDC on the Ethereum chain, further driving the increase in USDC issuance.
Ace Hot Topic Analysis
Analysis
USDC's issuance has been hitting record highs recently, drawing market attention. Data shows that Circle has minted $4.2 billion USDC on the Solana chain in the past 22 days, and USDC's market cap has increased by 11.23% over the past 7 days to reach $50.863 billion. This issuance trend is closely related to some recent events in the crypto market, for example, the news of the SEC establishing a crypto working group has stimulated the growth of USDC issuance, and since Trump launched his coin on the 18th, USDC issuance has increased by over $4.5 billion. In addition, Circle's issuance on the Solana chain has also been very active, since TRUMP launched its coin, Circle has issued a total of 2.5 billion USDC on the Solana chain in 4 days. The continuous growth of USDC issuance reflects the growing demand for stablecoins in the market, and also indicates that USDC's position and influence in the crypto market are continuously improving.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC issuance continues to grow, hitting a new all-time high.
USDC issuance is related to events such as the SEC's establishment of a cryptocurrency working group and TRUMP's issuance of cryptocurrency.
USDC issuance on the Solana chain has increased significantly.
USDC's market cap has increased by 11.23% in the past week.