#USDC Treasury Continues to Increase Issuance#
Hot Topic Overview
Overview
USDC Treasury has recently been minting USDC on the Ethereum chain, with daily issuance reaching 250 million. According to Whale Alert, USDC Treasury minted 150 million USDC in three separate transactions over the past 8 hours, and earlier today at 06:54, 07:27, 07:58, and 08:12, they minted 50 million USDC each, totaling 200 million USDC. Furthermore, USDC Treasury has minted 50 million USDC several times, bringing the daily issuance to 200 million. It's worth noting that USDC Treasury is also burning USDC, such as today's burn of 60,149,035 USDC.
Ace Hot Topic Analysis
Analysis
Recently, USDC Treasury's frequent issuance has attracted market attention. According to Whale Alert monitoring, USDC Treasury has issued 150 million USDC three times in the past 8 hours, including two issuances of 50 million USDC and one issuance of 50 million USDC. In addition, USDC Treasury issued 200 million USDC in one day, including four issuances of 50 million USDC. Notably, USDC Treasury also destroyed 60,149,035 USDC. Currently, the market has no clear explanation for the frequent issuance of USDC Treasury, and some analysts believe it may be to meet market demand or to address potential risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC Treasury has been issuing new tokens frequently recently, with a large daily issuance volume, and the cumulative issuance has reached hundreds of millions.
The issuance of USDC Treasury may be related to changes in market demand, such as increased demand for USDC from institutional investors.
The issuance of USDC Treasury may be related to competition in the stablecoin market, such as to maintain USDC's market share.
The issuance of USDC Treasury may have an impact on the price stability of USDC, and its impact needs to be closely monitored.