Circle Mints 50 Million USDC, Boosting Market Dynamics

USDC has seen another large minting event, with 50 million coins freshly created at the USDC Treasury.

Despite this, market behavior remains cautious, with USDC trading at just below $1 and its daily volume reaching over $8 billion. The stablecoin’s market cap has held steady at around $35.5 billion, reflecting mixed activity in the market.

Meanwhile, Circle has expanded USDC’s accessibility in Brazil and Mexico, a move expected to enhance its adoption in Latin America.

USDC’s derivatives market saw a surge in trading volume, rising over 15%, though open interest saw a slight decline. Traders appear divided, with a nearly balanced long/short ratio on Binance, signaling neutral sentiment overall.

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Circle’s recent expansion allows businesses in Brazil and Mexico to convert their local currencies directly into USDC, bypassing traditional international transfers.

This innovation cuts transaction times from days to minutes and slashes costs, giving businesses quicker access to liquidity and streamlining cross-border payments.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.