How USDC Treasury Minting and Redemptions Affect Token Supply
Photo: TokenPost
Circle issues USD Coin (USDC), a stablecoin designed to track the U.S. dollar at $1. Minting adds to the amount of USDC issued, but does not by itself show whether tokens were transferred to exchanges or other holders. It also does not establish a change in trading liquidity. The USDC Treasury handles token minting and redemptions, managing supply in response to demand. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
