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USDC Treasury mints $250 million on Solana as buying pressure remains unclear, Jordan Kerridge notes

USDC Treasury mints $250 million on Solana as buying pressure remains unclear, Jordan Kerridge notes
USDC mints $250 million on Solana

$250 million in USDC has been newly minted on Solana, according to Whale Alert data cited by PANews. Jordan Kerridge said that while the USDC Treasury created another 250 million tokens, a treasury mint alone does not indicate where those tokens are headed or whether the activity translates into fresh buying pressure.

Jordan Kerridge recently reported that the U.S. Treasury is preparing to buy back up to $6 billion in longer-term debt, a move aimed at supporting market liquidity. In a separate coverage, Kerridge noted Iran’s conditions for reopening the Strait of Hormuz within one week if the U.S. agrees to its terms. Both developments have placed global markets and inflation dynamics in focus.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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