Circle’s $5B USDC mint puts stablecoin demand back in focus

Circle minted around $5 billion worth of USDC over the past week, according to on-chain data. This comes in when the demand for dollar-backed stablecoins continues to grow. The surge in issuance has caught traders’ attention because large USDC mints can signal that more liquidity is preparing to enter crypto markets. However, the process of gross...