A post by @whale_alert on X.
250,000,000 $USDC (250,076,874 USD) minted at USDC Treasury
@whale_alert on X
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USDC Treasury minted 250,000,000 USDC (valued at approximately 250,076,874 USD), according to on-chain monitoring service Whale Alert. The issuance, flagged in a single large transaction, brings fresh stablecoin supply into circulation on Ethereum, where USDC issuer Circle typically mints new tokens against dollar deposits. Large mints are closely watched by crypto traders as a potential signal of incoming institutional demand, since new stablecoins are often used to purchase digital assets or to pre-fund exchange balances. USDC remains the second-largest stablecoin with a circulating supply of roughly 60 billion tokens and a market cap near $60 billion, behind Tether's USDT. Market watchers will monitor whether the newly minted funds flow onto exchanges or into DeFi protocols, and whether Circle follows with matching burn transactions that would indicate redemption activity rather than fresh deployment.
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Named in this story
USDC, USDC Treasury