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According to Foresight News, Circle, a blockchain-based financial services company, has issued an additional 55 million USDC on the Ethereum network. The transaction was recorded at 12:21 Beijing time, as per data from Whale Alert, a blockchain tracker and analytics system. This move signifies a further expansion of the USDC supply on the Ethereum blockchain. USDC is a stablecoin that is pegged to the US dollar, providing a stable value in the volatile crypto market. The issuance of more USDC tokens indicates a growing demand for stablecoins in the digital currency market. However, the exact reason for this specific issuance by Circle has not been disclosed.