Circle Mints 5 Billion USDC in a Week as Supply Race With Tether Heats up

Crypto Insight Summary: Circle minted roughly 5 billion USDC over the past week, according to onchain trackers, in one of its largest weekly issuance pushes yet. A Record Week for Fresh Supply Onchain analytics platform Solscan revealed the roughly 5 billion USDC mint earlier today, with analysts noting that the issuance is just one of many billion-dollar mints […] Crypto Insight Analysis: Direction: Bullish USDC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large USDC minting boosts liquidity but has limited market-wide impact.