USDC Treasury Mints Over $149 Million in New USDC on Ethereum in Just Hours

On January 4th, COINOTAG reported significant activity from the USDC Treasury, according to Whale Alert data. At 00:35:11 Beijing time, the Treasury executed a minting operation, issuing 149,077,359 USDC on the Ethereum blockchain, just two hours after a previous transaction. This follows a series of minting events that mark an active period for the stablecoin’s circulation. Earlier, at 22:32:11 the previous evening, 51,677,295 USDC were minted, alongside another issuance of 55,231,133 USDC that occurred at 19:12:35. The consistent minting activities underscore the USDC Treasury’s strategy to manage the supply of this crucial stablecoin, reflecting the ongoing demand within the digital asset market. Stakeholders should monitor these developments as they potentially influence market liquidity and stability.