Circle Mints 50 Million USDC on Ethereum Network

According to BlockBeats On-chain Detection, Circle, the issuer of USDC, has minted an additional 50 million USDC tokens on the Ethereum network. This transaction was completed at 23:16 UTC+8. The move is part of Circle's ongoing efforts to manage the supply of its stablecoin, USDC, which is widely used in various financial applications and decentralized finance (DeFi) platforms.