#USDC Treasury mints 250 million new USDC in a single day.#
Hot Topic Overview
Overview
USDC Treasury has conducted large-scale issuance and burn operations in the past day. According to Whale Alert, USDC Treasury minted 250 million USDC on the Ethereum chain and burned approximately 200 million USDC in the same period. The issuance operation was carried out in multiple transactions, with each issuance amounting to 50 million USDC, while the burn operation included one burn of 100 million USDC and another burn of close to 100 million USDC. These operations indicate that USDC Treasury is actively adjusting its USDC supply to meet changing market demands.
Ace Hot Topic Analysis
Analysis
USDC Treasury has been actively minting and burning USDC recently, attracting market attention. According to Whale Alert monitoring, USDC Treasury minted 150 million USDC on the Ethereum chain three times in the past 8 hours and minted 50 million USDC at 06:54, 07:27, 07:58 and 08:12 Beijing time today, totaling 200 million USDC minted. In addition, USDC Treasury minted another 50 million USDC today, bringing the total amount of USDC minted for the day to 250 million. On the other hand, USDC Treasury also burned approximately 200 million USDC today. The specific reasons for these minting and burning operations are unclear, but may be related to market demand, stablecoin reserve management or other factors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC Treasury recently increased the issuance of USDC frequently, with the daily issuance reaching 250 million.
The increase in USDC Treasury issuance may be related to market demand or stablecoin reserve management.
The increase in USDC Treasury issuance has raised market concerns about the stability of USDC.
USDC Treasury issuance and destruction may be related to market liquidity management.