#USDC Treasury Massive Issuance and Destruction#

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Hot Topic Overview

Overview

USDC Treasury has been actively minting and burning USDC on the Ethereum blockchain recently. Over the past few days, USDC Treasury has minted 200 million, 250 million, and 150 million USDC, while burning over 200 million USDC. The highest single-day minting reached 250 million, and the highest single-day burning also exceeded 200 million. These operations have attracted market attention, with speculation that the reason behind them could be to stabilize the price of USDC or meet market demand.

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Analysis

Recently, USDC Treasury's frequent issuance and burn operations have attracted market attention. According to Whale Alert's monitoring data, USDC Treasury has issued and burned USDC on the Ethereum chain multiple times in the past few days, with a daily issuance and burn scale exceeding 200 million. Among them, the issuance is mainly concentrated within 8 hours, with a total issuance of 150 million USDC, while the burning is mainly concentrated within one day, with a total burning of about 200 million. It is worth noting that the issuance and burn operations of USDC Treasury are not completely synchronous, but show a certain regularity. For example, after the issuance, USDC Treasury will conduct corresponding burn operations to maintain market stability. At present, the market has no consensus on the motives behind USDC Treasury's issuance and burn operations, but it is generally believed to be related to USDC's stablecoin mechanism and market demand.

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Classic Views

USDC Treasury recently increased issuance of USDC frequently, with daily issuance reaching 250 million.

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USDC Treasury is simultaneously conducting a large number of burn operations, with daily burn reaching 200 million.

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Both issuance and burn operations are conducted on the Ethereum chain.

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USDC Treasury's issuance and burn operations may be related to market demand and the maintenance of the value of stablecoins.

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