#USDC minted 71 million coins.#
Hot Topic Overview
Overview
USDC Treasury recently minted over 71 million USDC on the Ethereum chain, including two mints of 71,301,077 and 25 million, and a transfer of 800 million from the USDC Treasury to Coinbase. Additionally, there were two burns of 134,400,083 each. These operations have resulted in an increase in the total USDC supply, but the specific reason remains unclear.
Ace Hot Topic Analysis
Analysis
USDC Treasury recently minted over 71 million USDC on the Ethereum chain, attracting market attention. According to Whale Alert monitoring, the minting occurred at 8:20 today, totaling 71,301,077 USDC, worth $71,315,543. Previously, USDC Treasury has conducted multiple minting operations, including 250 million USDC, 106 million USDC, 134 million USDC, and 460 million USDC. Notably, USDC Treasury also performed a burn operation of 134 million USDC. These minting and burn operations may be related to market demand, stablecoin reserve management, and other strategies. Currently, the market has various interpretations of USDC Treasury's minting actions. Some analysts believe it may indicate an increasing demand for USDC, while others suggest it is related to USDC's stability strategy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC Treasury recently minted a large amount of USDC on the Ethereum chain, totaling over 71 million.
The minting action of USDC Treasury may be related to market demand or other business purposes.
The minting of USDC may have an impact on market liquidity, but the specific impact remains to be seen.
The minting of USDC may also be related to Circle's strategic layout, such as expanding its influence in the stablecoin market.