Circle clears ‘substantially all’ minting and redemption backlog for USDC
The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Nigeria’s Central Bank Now Requires Offshore Stablecoin Issuers to License Locally
Stablecoin issuers based abroad can no longer serve Nigerian users on the strength of a foreign license under a new rulebook from...
Morpho hits record $4.1 billion in USDC deposits
Morpho's record USDC deposits highlight DeFi's growing role in stablecoin management, but reliance on major platforms poses concen...
Nigeria Erects Strict Stablecoin Wall, Demanding $11M Local Subsidiaries for US Dollar Tokens
Nigeria has adopted regulations for non-security virtual assets that make it one of the most restrictive stablecoin market-access...
Circle’s Kris Gower makes the case for Arc and USDC in securities lending
Circle's Arc and USDC could revolutionize securities lending by enhancing efficiency, reducing costs, and enabling 24/7 operations...
Nigeria’s central bank mandates licenses for stablecoin issuers
Nigeria's licensing mandate for stablecoin issuers could reshape the digital currency landscape, emphasizing regulatory compliance...
Circle’s Cross-Chain Transfer Protocol passes $300 billion in all-time volume
Circle's CCTP milestone highlights the growing importance of seamless cross-chain transactions, potentially reshaping blockchain i...