Mar 16 2023

Circle Clears Backlog of USDC Minting and Redemption Requests

published by Samyuktha Sriram
in blog Unchained Podcast
original entryCircle Clears Backlog of USDC Minting and Redemption Requests

business circle crypto usdc

Stablecoin issuer Circle said it has cleared “substantially all” of the backlog of minting and redemption requests for USDC. In a March 15 blog post, Circle disclosed that it redeemed $3.8 billion USDC and minted $800 million USDC since Monday. “The events of the past week have impacted the liquidity ... The post Circle Clears Backlog of USDC Minting and Redemption Requests appeared...

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