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DailyBubble News

USDC Treasury Mints Over 241 Million USDC on Ethereum Blockchain – Binance

The USDC Treasury has recently minted over 241 million USDC tokens on the Ethereum blockchain. This move signifies a significant increase in the supply of the stablecoin. The USDC Treasury, which is responsible for issuing USDC tokens, has utilized the Ethereum blockchain for this minting process.

USDC is a popular stablecoin that is pegged to the US dollar on a 1:1 ratio. It is widely used in the cryptocurrency space for trading and as a store of value. The minting of over 241 million USDC tokens indicates a growing demand for this stablecoin in the market.

The Ethereum blockchain is known for its scalability and security features, making it a suitable choice for issuing and transacting with USDC tokens. The USDC Treasury’s decision to mint such a large number of tokens on the Ethereum blockchain further solidifies the blockchain’s position as a preferred platform for stablecoin transactions.

Overall, the minting of over 241 million USDC tokens on the Ethereum blockchain is a significant development in the world of stablecoins, demonstrating the increasing popularity and demand for USDC in the cryptocurrency market.

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