USDC frenzy, over $4.4b minted, over $4.2b burned on Feb. 10
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The USD Coin (USDC) stablecoin has seen a frenzy of activity on Feb. 10, 2023, with many billions worth of the stablecoin burned and minted on the Ethereum (ETH) blockchain for an increase in USDC supply on the blockchain of $148 million.
Blockchain data shows that the value of USDC tokens on the Ethereum blockchain was altered significantly by Circle with the burning of $4,286 billion and the minting of $4.434 billion — for an increase in supply of $148 million on Feb. 10, 2023.
Please keep in mind that some of those tokens may have been transferred to other blockchains or from other blockchains since only ethereum data is considered.source
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