TLDR
- Whale Alert reported the creation of 90 million USDC, although Circle has yet to issue an official confirmation.
- USDC trading volume skyrocketed by 73.24% in the last 24 hours.
- This issuance follows another 60 million minted just one day prior to the current event.
The holiday season has not slowed down the dynamism in the stablecoin market. On Friday, various on-chain trackers and Whale Alert reported that the USDC Treasury minted 90 million new units of the token on the Ethereum blockchain. While this figure represents a significant liquidity injection, the operation still lacks direct confirmation from Circle or its CEO, Jeremy Allaire.
The current context is one of high transactional activity. According to CoinMarketCap, USDC trading volume increased by 73.24% over the last 24 hours, reaching a market capitalization of $76.50 billion. Although the price recorded a slight decrease of 1.47%—settling slightly below its parity at $0.9996—the massive issuance suggests strategic positioning by institutional actors.
Sustained Growth and Demand in the DeFi Ecosystem
This minting is not an isolated event within the stablecoin market. Just one day earlier, the Treasury had already issued another 60 million USDC, illustrating a routine of constant expansion to meet the demand for safe-haven assets and liquidity in decentralized finance (DeFi) protocols. Experts from Coincu suggest that these continuous issuances reinforce the crypto ecosystem’s dependence on regulated stablecoins.
However, without official validation, the real impact on Ethereum’s liquidity metrics remains under observation. The lack of public statements has kept the community’s response in a moderate tone, pending reports that detail whether this new supply is destined for institutional reserves or the expansion of payment services.
In summary, the stablecoin market closes the year demonstrating its resilience and central role in the digital economy. The constant injection of capital into USDC underscores that, despite volatility in other sectors, confidence in Circle’s infrastructure remains a fundamental pillar for investors seeking stability and on-chain efficiency.
