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The Daily Hodl
2023-03-13 21:40:07

Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen

Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen

Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from its recent depegging from the dollar. USDC, a stablecoin designed to stay pegged to the value of one US dollar, fell in value to as low as $0.87 on March 11 following The post Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen appeared first on The Daily Hodl .

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