Basri Caneri 
USDC, a major player in the cryptocurrency market, has minted about $380 million worth of new stablecoins in the last three hours. According to on-chain data, the USDC Treasury, managed by Circle, issued large amounts of USDC in different timeframes.
According to recent transactions:
- 99 million USDC 36 minutes ago,
- 97 million USDC 1 hour ago,
- 95 million USDC 2 hours ago,
- 3 hours ago, 88 million USDC were minted.
This data shows that a total of $380 million of new USDC supply has been released.
Large-scale stablecoin minting usually indicates that institutional investors are preparing to enter the market or that demand for stablecoins is growing. It can also be interpreted as a need for liquidity on centralized exchanges or preparation for large-scale trading.
USDC is one of the most widely used stablecoins, offering an asset whose value is one-to-one indexed to the US dollar. Such large issuances could be an important signal that the crypto market could see movement in the near term.
This development, which may be linked to the price movements of major cryptocurrencies such as Bitcoin and Ethereum, is being closely monitored by investors. It remains to be seen what impact this increase in stablecoin minting will have in the coming days.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.