Whale Alert reported a minting of 50 million USDC, boosting liquidity and interest in cross-border transactions in Latin America.
Circle’s integration with PIX and SPEI enhances USDC access in Brazil and Mexico, offering faster, cost-effective remittance solutions.
USDC’s market sentiment remains cautious, with neutral RSI and MACD readings, signaling controlled trading momentum among investors.
Whale Alert reported the minting of 50 million USDC (worth $50.01 million) at the USDC Treasury. The USD Coin (USDC) price stands at $0.999851, with a 24-hour trading volume of $8.21 billion. In the past 24 hours, the USDC market cap is $35.49 billion, with a circulating supply of 35.5 billion USDC coins. Market activity around USDC appears mixed, with volume surges combined with cautious trading. Meanwhile, Circle has taken a major step by expanding USDC access in Brazil and Mexico.
50,000,000 #USDC (50,010,000 USD) minted at USDC Treasuryhttps://t.co/qmliBKH1D4
— Whale Alert (@whale_alert) October 2, 2024
USDC Trading Volume and Market Sentiment
USDC trading volume hit 17.65 million USDC, showing strong liquidity and interest in the stablecoin. The Relati…
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