Circle will no longer support stablecoin minting for consumer accounts

Stablecoin issuer Circle is discontinuing support for consumer Circle Mint accounts. Circle on Tuesday sent out an email about the end of support to consumer accounts with zero balances, which will be closed on Nov. 30. The move means that users who wish to mint Circle stablecoins like USDC and EURC will need to turn to other platforms. Circle rival Tether still supports individual consumer accounts, but with a minimum limit of $100,000. Tether remains the largest stablecoin issuer in the market, with a total supply of around $91 billion for its USDT token, while Circle follows with a total supply of about $27 billion for USDC, according to The Block's Data Dashboard.

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