USDC Treasury Mints $250 Million in New Solana Supply
Photo: TokenPost
The issuance was recorded at 5:49 p.m. ET on Oct. 12 (21:49 UTC), corresponding to 5:49 a.m. Beijing time on Oct. 13. USDC is a dollar-linked cryptocurrency designed to maintain a value of $1. The newly minted tokens increase the amount of USDC on Solana. The event does not by itself establish how the tokens will be used or whether they have entered circulation through trading venues. USDC Treasury’s Solana mint is the latest supply change for market participants to monitor. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Also reported by Coinfomania.
Source: TokenPost
