#USDC Issuance Hits Record High#
Hot Topic Overview
Overview
USDC is experiencing rapid issuance, with its supply increasing significantly in recent weeks. According to reports, Circle has minted a total of $4.2 billion USDC on the Solana chain in the past 22 days, with a 11.23% increase in the past 7 days, bringing its market capitalization to $508.63 billion. The increased issuance of USDC is linked to some recent events in the crypto market, such as the SEC forming a cryptocurrency task force and TRUMP launching a cryptocurrency. These events seem to have stimulated demand for USDC, leading to a significant increase in its issuance. The issuance of USDC has also pushed the total market capitalization of stablecoins to over $210 billion, setting a new record.
Ace Hot Topic Analysis
Analysis
Recent USDC issuance has hit a new high, driven by multiple factors. First, the news of the SEC forming a crypto task force stimulated USDC issuance. Since Trump's announcement of his own cryptocurrency on the 18th, USDC issuance has increased by over $4.5 billion. Second, Circle's issuance on the Solana chain has been particularly significant. Over the past 22 days, $4.2 billion of USDC has been minted, with $2.5 billion minted in the past four days alone. Additionally, USDC Treasury's issuance on the Ethereum chain has also been substantial, with over 71 million USDC minted earlier today. These issuance activities have boosted the USDC market cap, which has grown by 11.23% in the past seven days to reach $508.63 billion. This has also pushed the total stablecoin market cap past $210 billion, setting a new all-time high.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC issuance continues to grow, hitting new highs.
USDC minting is linked to recent crypto market volatility and regulatory news.
USDC minting volume on the Solana chain has increased significantly.
USDC's market cap has increased by 11.23% in the past week.