The USDC Treasury address has issued 250 million new USDC tokens, according to Whale Alert. This issuance brings the total supply of USDC to 52.5 billion tokens. USDC is a stablecoin pegged to the US dollar and is one of the most widely used stablecoins in the cryptocurrency market. It is issued by Circle, a US-based company that is regulated by the New York State Department of Financial Services. The issuance of new USDC tokens is likely to meet the growing demand for stablecoins in the cryptocurrency market. Stablecoins are often used as a safe haven asset during periods of market volatility and can also be used to facilitate transactions on decentralized exchanges.

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