USDC Treasury Mints Another 250 Million USDC This Morning

TechFlow news, October 28: According to monitoring by Whale Alert, around 7:23 a.m. Beijing time today, USDC Treasury newly minted 250 million USDC, worth about $249.8 million. This is the second single mint of 250 million USDC by USDC Treasury since early this morning; the previous one occurred around 2:00 a.m. Beijing time. Large stablecoin mints are generally viewed by the market as one of the signals of off-exchange capital entering the market, but the specific destination of the funds remains to be further tracked on-chain.

Source: TechFlow