
Whale Alert flagged two consecutive USDC Treasury mints totaling $200 million on Ethereum, suggesting a major issuance event within minutes.
Whale Alert reported that the USDC Treasury minted two separate batches of USDC on Ethereum, each valued at approximately $100 million. The minting occurred within minutes, at 22:43 and 22:50, bringing the total issuance to about $200 million. This large-scale creation of stablecoins may indicate preparation for liquidity provision or other major transaction activity.