Circle Reports Substantial Resolution of USDC Minting and Redemption Backlogs Following Volatile Week
The past week has been a volatile one for the cryptocurrency market, with many digital assets seeing significant price fluctuations. One of the most affected projects was Circle, a USDC stablecoin issuer. The company experienced a backlog of USDC minting and redemption requests, leading to delays in processing customer transactions. However, Circle has now announced that it has successfully resolved the backlogs, allowing customers to mint and redeem USDC without any further delays. The company attributed the backlogs to the recent volatility in the cryptocurrency market, which caused an influx