Circle's USDC Mint Surge Boosts Dollar Liquidity On-Chain
The recent surge in USDC mintage by Circle has resulted in total circulation exceeding $78 billion. Since early February, more than $8 billion of new USDC has been minted, indicating a significant increase in dollar liquidity on-chain.
This expansion is notable given the current market conditions, where broader altcoin participation remains selective. The surge suggests that capital is still moving onto blockchain rails even before a full speculative expansion has returned.