Earlier today, an unknown wallet minted $300M worth of new USDC on the Algorand chain at this transaction: https://allo.info/tx/V4AQYTHRZ5AQK33OBQU4YNIJ54Y5FJNIEUQ3UMGA33AV4PHKZIZQ
The identity of the entity that minted it, and its purpose is unknown. And, so far, no news or press releases seem to be out about it.
However, the sudden inflow is substantial. This immediately raised the USDC on the chain by around 450% and vaulted Algorand to the #6 spot in terms of USDC held on chain, sitting behind only ETH, ARB, SOL, BASE, and AVAX. (See: https://usdc.cool)
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments