Circle Internet Corp.'s stock surged 5.71% intraday on Tuesday, marking a significant upward movement for the cryptocurrency infrastructure company.
The price increase follows news that Circle minted approximately $1 billion in new USD Coin (USDC) stablecoins over a 24-hour period, according to on-chain data. This substantial issuance points to a sharp spike in demand for dollar liquidity across cryptocurrency networks, with the pace and scale of the mint suggesting institutional rather than retail activity.
USDC has recorded the largest net stablecoin supply increase of 2026 so far, adding about $4.5 billion in circulating supply year-to-date while some rivals experienced net outflows. The latest $1 billion mint indicates that deep-pocketed institutional players are increasingly choosing Circle's regulated dollar rails as their primary channel for moving capital into crypto markets, which could be driven by ETF or centralized-finance inventory replenishment, on-chain arbitrage strategies, or large over-the-counter settlements.
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