💰 The US Treasury Mints 50 Million USDC on Ethereum: A Step Towards Digital Stability?
On December 13, the US Treasury minted 50 million USDC on the Ethereum blockchain, according to Whale Alert. This transaction reflects the ongoing importance of stablecoins in the cryptocurrency market, providing stability and liquidity. USDC, backed by the US dollar, is crucial for facilitating safe and reliable transactions in the volatile world of cryptocurrencies.
