#USDC Issuance Hits Record High#
Hot Topic Overview
Overview
Recent USDC issuance has reached a new high. In the past 22 days, Circle has minted a total of $4.2 billion USDC on the Solana chain. In the past 7 days, USDC's market capitalization has increased by 11.23%, reaching a total market capitalization of $50.863 billion. According to analysts, the surge in USDC issuance may be related to the news of the SEC forming a cryptocurrency working group and the Trump coin event. In addition, USDC Treasury has minted over 71 million USDC on the Ethereum chain in the past two hours. Since the Trump coin event, Circle has minted 2.5 billion USDC on the Solana chain in four days.
Ace Hot Topic Analysis
Analysis
The recent surge in USDC issuance is attributed to several factors. First, Circle continues to mint USDC on the Solana chain, with a cumulative issuance of $4.2 billion over the past 22 days. This indicates expanding adoption of USDC within the Solana ecosystem. Second, the USDC market cap has increased by 11.23% over the past 7 days, reaching $50.863 billion, signifying growing investor confidence in USDC. Additionally, the recent significant increase in USDC issuance is linked to news of the SEC establishing a crypto task force and TRUMP launching a cryptocurrency. Investors may be shifting funds to USDC as a safe haven asset. Lastly, USDC Treasury has minted over 71 million USDC on the Ethereum chain, indicating sustained demand for USDC within the Ethereum ecosystem. Overall, the record-high USDC issuance reflects its pivotal role and expanding use cases in the cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC issuance continues to grow, recently significantly affected by events such as the SEC's establishment of a crypto working group and TRUMP's issuance.
USDC issuance is mainly concentrated on the Solana chain.
Over the past 22 days, a total of $4.2 billion has been minted.
USDC market capitalization continues to grow.
It has increased by 11.23% in the past 7 days.
The total market capitalization of stablecoins has exceeded $210 billion, setting a new historical high.