On January 26th, at approximately 5:01 AM (KST), the USDC Treasury issued 241 million USDC on the Ethereum blockchain, as reported by Whale Alerts. This issuance adds to the growing supply of USDC in circulation, which is currently valued at over $40 billion. This latest issuance is part of the ongoing efforts by Circle, the issuer of USDC, to expand the availability and adoption of its stablecoin. USDC is pegged to the US dollar and is designed to provide a stable and reliable alternative to traditional fiat currencies. The issuance of USDC on Ethereum is significant because it allows users to access and transact with USDC on a decentralized and highly secure blockchain network. This provides users with greater flexibility and control over their funds, as well as the ability to participate in the growing decentralized finance (DeFi) ecosystem.

#ETH #USDC