According to COINOTAG on March 26th, substantial activity has been observed in the stablecoin market. Monitoring by WhaleAlert indicates that the USDC Treasury has executed a significant minting operation, adding 365 million USDC to the Ethereum blockchain. Notably, this minting is part of a trend where the treasury minted 100 million USDC at three separate intervals: 3:43 AM, 3:57 AM, and 4:28 AM. Additionally, at 7:03 AM, further expansion was noted with the minting of 65 million USDC. This rapid infusion into the market reflects ongoing efforts to enhance liquidity and support the cryptocurrency ecosystem amidst evolving market conditions. Stakeholders should closely monitor similar developments as they can influence both market dynamics and investment strategies.
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