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news-imageFebruary 7, 2025

Massive $250 million USDC mint hints the bull market is back today – Buy time?

Circle, the company behind one of the leading stablecoins, minted $250 million worth of USDC today, on February 7. Issued on Solana, the amount represents a US dollar inflow into the crypto ecosystem, hinting the bull market is back.
Publisher: Finbold
Sentiment: Positive
USDC

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cover-imageCryptopolitan
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USDC finally makes full recovery from FTX market crash

USDC, Circle's once-battered stablecoin, has finally officially pulled off a full recovery from the disaster of FTX's collapse. Its market cap is back at $56.2 billion, matching what it was before the crypto giant fell apart in November 2022, according to data from CoinMarketCap.

Positive
cover-imageCointribune
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Stablecoins Boom USDC's Rise Sparks New Market Shift

The stablecoin market has just crossed a historic milestone, reaching a market capitalization of over $200 billion. This rapid progression reflects a growing interest from investors in these dollar-backed assets, often perceived as a more stable alternative amidst the volatility of cryptocurrencies.

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