ChainCatcher reported that, according to monitoring by Whale Alert, USDC Treasury has newly minted about 250 million USDC on the Solana network. The on-chain record names USDC Treasury as the entity involved and shows the amount at approximately 250,000,000 USDC.
USDC is one of the commonly used U.S. dollar stablecoins in the crypto market, while Solana is one of the blockchain networks where the asset circulates. Whale Alert tracks and publishes large on-chain transfers, minting events and burn records. The original report only stated the minting action, the network and the amount, and did not provide further details on the use of the newly minted tokens or their subsequent movement.
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