#Solana chain adds 250 million USDC#

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Overview

Recently, USDC Treasury has minted an additional 250 million USDC on the Solana chain. According to Whale Alert's monitoring, the minting occurred around 21:58 Beijing time. In addition, the USDC treasury has conducted multiple minting operations, totaling over 170 million USDC minted. These minting activities indicate a growing adoption of USDC on the Solana chain, reflecting the thriving ecosystem of the chain.

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Analysis

Recently, USDC Treasury has minted 250 million USDC on the Solana chain. According to Whale Alert, the minting occurred around 21:58 Beijing time. In addition to this large-scale minting, USDC Treasury also conducted a series of smaller mintings, namely 50.54 million, 50.58 million, and 67.24 million USDC. These minting activities indicate that USDC is actively expanding its supply on the Solana chain, possibly related to the growing demand and application scenarios on the chain.It is worth noting that the minting activities of USDC Treasury do not necessarily represent an increase in the actual circulating supply of USDC, as these minted USDC may be used for internal operations or other purposes. However, these minting activities undoubtedly reflect USDC's emphasis on the Solana chain and its determination to further develop on the chain.

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Classic Views

USDC Treasury minted 250 million USDC on Solana, indicating active expansion of USDC's use within the Solana ecosystem.

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Frequent minting activities by USDC Treasury on Solana suggest strong demand for USDC within the Solana ecosystem.

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The minting activities by USDC Treasury might be related to the growth of DeFi applications within the Solana ecosystem.

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New USDC minting on Solana could have a positive impact on Solana's price.

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