PANews reported that Whale Alert monitoring detected three USDC minting events on Ethereum, totaling approximately 250 million tokens in early Beijing morning, indicating a significant surge in circulating supply.
PANews reported on August 12 that Whale Alert monitoring detected three distinct USDC minting events by the USDC Treasury on the Ethereum network at 00:59, 02:01, and 02:23 Beijing time, minting 75M, 100M, and 75M USDC respectively, with an approximate total value of US$250 million.