Circle mint 100 million USDC on Blockchain Algorand

robot
Abstract generation in progress

On June 17, 2025, Circle issued 100 million USDC on the Algorand blockchain. The transaction was followed by Whale Alert but did not disclose the related wallet. This large-scale issuance indicates an increasing liquidity demand from institutions, aligning with Circle's typical stablecoin supply expansion model.

Circle has not made an official statement, indicating that this may be a routine activity. USDC is currently stable at a price of 1.00 USD with a market capitalization of over 61.6 billion USD, accounting for 1.85% of the cryptocurrency market share, according to CoinMarketCap. In the past 90 days, the price of USDC has shown little fluctuation despite the new supply.

CEO Jeremy Allaire stated that the trading volume of USDC has exceeded 20 trillion USD annually and is issued on 16 blockchains, including Algorand.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)