What this means for you
USDC on Solana: 3 control powers can still be used (mint new tokens, freeze wallets and change name, logo and links).E4E5E6
- Mint new tokens: Whoever holds the mint authority can create new tokens at any time, which grows the supply.E4
- Freeze wallets: Whoever holds the freeze authority can freeze any holder's token account so it can't send or sell.E5
- Change name, logo and links: The metadata (name, symbol, logo and links) can still be changed by its update authority.E6
- About 9,314,471 wallets hold it; the 10 largest hold 32.2% of the supply (this can include pools).E7