Circle Resolves USDC Minting and Redemption Backlogs After Wild Week
The past week has been a wild ride for the cryptocurrency market, with the price of Bitcoin and other digital assets experiencing a significant surge. This surge has caused a backlog in the USDC minting and redemption process, as the demand for USDC has skyrocketed. Fortunately, Circle, the company behind USDC, has taken steps to resolve the backlogs and ensure that users can continue to mint and redeem USDC without any further delays.Circle has implemented several measures to address the backlogs. First, they have increased their capacity to process USDC