ChainCatcher report: Whale Alert posted on X that the USDC Treasury minted 250 million USDC on the Solana network at 02:14 Beijing time, worth approximately $250 million. Solscan data shows that this minting transaction has been confirmed.
USDC Treasury mints 250 million USDC on the Solana network.
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Summary
On-chain data shows that the USDC Treasury minted 250 million USDC on the Solana network at 02:14 Beijing time, valued at approximately $250 million. Solscan data confirms the transaction. This follows a recent network upgrade that enhanced Solana’s throughput and stability. The significant minting activity underscores ongoing on-chain developments as stablecoin usage continues to grow on the network.
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