The U.S. Treasury reports 60 million new USDC tokens issued on the Ethereum blockchain, according to Whale Alert, a leading on-chain monitoring service. USDC, a dollar-backed stablecoin designed by Circle and Coinbase, remains a focal point as regulators assess stablecoin frameworks and compliance.
The development comes amid ongoing regulatory discussions surrounding stablecoins, with market participants watching how new policy measures may shape issuance, liquidity, and institutional use. The surge in on-chain USDC supply underscores growing demand from institutions and traders seeking a dollar-pegged asset with transparent settlement.
As regulators weigh tougher rules for stablecoins, market players will assess implications for custody, cross-border payments, and issuer viability. Whale Alert’s real-time data highlights the active nature of stablecoin supply and its potential policy impact on issuers and users alike.
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