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17,332,415 #USDC (17,332,415 USD) minted at USDC Treasury
Tx: whale-alert.io/transaction/et1
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17,332,415 #USDC (17,332,415 USD) minted at USDC Treasury
Tx: whale-alert.io/transaction/etConversation
17,332,415 #USDC (17,332,415 USD) minted at USDC Treasury
Tx: whale-alert.io/transaction/et
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Good question. "Minted" means that more of the coin is being put into circulation.
USDC (the "C" standing for Coinbase) is a stablecoin pegged to the dollar. The only way for them to "mint" more of them is if they have the assets to back it (considering Coinbase is regulated).
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I was just checking on this as you posted that. Thank you for the correction sir! Good looking out.
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Yeah I re-read my tweet and was like ... wait a minute...
Coinbase LISTS coins, not creates them haha.
However they ARE doing a for real IPO which you can "pre-trade" thanks to on
He's always VERY on top of things!
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So fun facts:
in USDC, I think the 'C' stands for... 'coin'
USDC is now run by Centre, a consortium founded by Circle that also does include Coinbase
So Coinbase is part of the governing body of USDC, though USDC was neither created by Coinbase nor named after it.
Oh wow, def didn't know that. Can always count on you to set the record straight !
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Me too. He's super smart. I can't imagine meeting the guy at a conference or something, it would be staggering with the amount of knowledge he has.
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