Ethereum News Today: USDC Mints 100 Million on Ethereum Amid Rising Stablecoin Demand

On August 7, 2025, the USDC Treasury issued an additional 100 million USDC on the Ethereum blockchain, as reported by Whale Alert [1]. This marks a significant increase in the stablecoin's circulating supply and reflects ongoing efforts to meet rising demand across decentralized finance (DeFi), institutional transactions, and exchange liquidity needs. The move follows a similar 50 million USDC issuance on the same network the previous day [2], underscoring the strategic and routine approach of stablecoin providers to manage supply in response to market activity.

The 100 million USDC issuance is part of a broader trend of stablecoin expansion, with USDC playing a critical role in facilitating value transfer and liquidity provision in the crypto ecosystem. The increased supply is expected to benefit Ethereum-based protocols and exchanges that rely heavily on stablecoin flows for their operations. While there has been no immediate impact on USDC’s peg to the U.S. dollar, the move reinforces the stablecoin’s importance as a functional asset in both institutional and retail markets.

According to CoinMarketCap data, USDC maintains a stable price of $1.00, with a market cap of $64.75 billion and a 24-hour trading volume of $12.24 billion. Over the past seven days, the stablecoin has seen a 1.97% decline in price, reflecting ongoing market adjustments following the issuance event [2]. Analysts note that while these mints support liquidity, they may also signal long-term shifts in trading patterns and could invite increased regulatory attention.

The timing of the 100 million USDC mint also coincided with broader developments in the Ethereum network. Fundstrat co-founder Tom Lee recently suggested that Ethereum could overtake Bitcoin in relevance due to its expanding use cases in traditional financial markets [3]. While this is a forward-looking perspective, it highlights the growing significance of Ethereum as a foundational layer for stablecoin activity.

Separately, a $993 million USDC transfer was recorded from Binance to an unidentified wallet, adding to the context of increased stablecoin activity [4]. While this transaction is distinct from the 100 million USDC mint, it reflects the maturing infrastructure and institutional adoption of stablecoins as tools for cross-border transactions and digital asset management.

The continued expansion of USDC’s supply highlights the evolving role of stablecoins in bridging traditional finance and decentralized systems. As demand for stablecoin-based liquidity grows, so too does the need for scalable and transparent issuance mechanisms. The recent 100 million USDC mint on Ethereum exemplifies how stablecoin providers are adapting to these demands while maintaining compliance and stability.

Sources:

[1] MEXC, USDC Treasury Issues Additional 100 Million USDC on the Ethereum Chain, https://www.mexc.com/news/usdc-treasury-issues-an-additional-100-million-usdc-on-the-ethereum-chain/64159

[2] The, Circle Issues 50 Million USDC on Ethereum, https://m.economictimes.com/crypto-news-today-live-07-aug-2025/liveblog/123149180.cms

[3] Yahoo, Tom Lee: Ethereum Is Having A '2017 Bitcoin Moment', Could Overtake Bitcoin, https://finance.yahoo.com/news/tom-lee-ethereum-having-2017-152219686.html

[4] AInvest, Massive $993 Million USDC Transfer Detected from Binance to Unknown Wallet, https://www.ainvest.com/news/massive-993-million-usdc-transfer-detected-binance-unknown-wallet-2508/