"USDC Minting Surge: $795M Boosts Stablecoin Liquidity, Drives OTC & DeFi Growth"

Generated by AI AgentCoin World
Wednesday, Feb 12, 2025 8:07 pm ET1min read

USDC, a leading stablecoin, recently minted $795.72 million across the Solana and Ethereum blockchains, indicating increased demand for stablecoin liquidity. This development comes amidst a seven-day high in exchange outflow and transaction volume, suggesting a rise in over-the-counter (OTC) trading and decentralized finance (DeFi) usage.

The stablecoin market has witnessed a net inflow of $795.72 million in the last 24 hours, with the USDC treasury minting $250 million on the Solana blockchain and six consecutive USDC minting transactions totaling $545.72 million on the Ethereum blockchain. These mints occurred alongside a $50 million burn transaction on the Ethereum blockchain.

Stablecoins play a crucial role in the growth of the crypto and DeFi markets by bridging digital assets to fiat money. Real World Asset (RWA) tokenization is expected to stimulate the growth of the digital asset ecosystem in 2025. According to recent data, stablecoins have had a $224 billion supply and 30.2 million active addresses in the last thirty days.

On-chain insights reveal that USDC has experienced 0.76% network growth and a neutral (-1.48%) change in large transactions in the last seven days. Seventeen percent of current USDC holders are in profit, 71% at cost, and 12% at loss. The stablecoin's seven-day transaction volume was $98.53 billion, while the Exchange Netflow was -$1.17 billion. The market sentiment was predominantly bullish, with zero bearish signals, five neutral signals, and one bullish signal.

The data indicates that 57% of USDC holders are institutional investors or whales. Negative Exchange Netflow suggests increased OTC trading, DeFi usage, and flow into non-custodial wallets, signaling wide USDC adoption and strong backing.

At press time, Bitcoin [BTC] and major altcoins have had their seven-day prices slightly drop, according to CoinMarketCap data. However, the newly gained USDC liquidity of $795.72 million could go into Bitcoin and other crypto projects as an even price reversal appears in a lower time frame. With recent favorable crypto policies

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