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

Alt coin
March 14, 2023 by secret
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[ad_1] 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