Just-In: Circle Mints 8.4 Billion USDC Within 7 Days, Why?

Circle, the payments technology company behind the digital stablecoin USDC, has revealed, in a blog post, that it has redeemed 6.7 billion USDC and further minted 8.4 billion USDC during the past week, with 99.3 billion USDC and 61.1 billion USDC minted and redeemed respectively during all of 2021.