finbold.com
Circle, the company behind one of the leading stablecoins, minted $250 million worth of USDC today, on February 7. Issued on Solana, the amount represents a US dollar inflow into the crypto ecosystem, hinting the bull market is back.
As detailed by Whale Alert (@whale_alert, on X), the mint occurred on Solana, costing 0.00031 SOL in fees. The receiver address was the pre-labeled USDC Treasury account, which currently has a $474.41 million balance, as per SolanaFM.
Interestingly, over $10 billion of the $55 billion capitalization of USDC was minted in the last 30 days. This represents a significant share of the available tokens, according to usdc.cool, who called the data “INCREDIBLE.”
These bullish expectations are also aligned with recent news that hint at Donald Trump considering adding US-based altcoins to the United States Treasury reserves, instead of only Bitcoin, as many enthusiasts first thought. On that note, Michael Saylor was one of these investors who previously held a “BTC-maximalist” position, now admitting being wrong.
If an altseason really happens, altcoin investors are expected to see far higher gains than Bitcoin holders in the following months. However, many altcoins lack solid fundamentals and can usually expose investors to higher risks; requiring caution while opening positions.
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