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The report stated that Circle on Solana network newly minted 250000000 tokens USDC, and the transaction has been confirmed.
Circle on Solana network newly minted 250000000 tokens USDC
PANews October 26 According to a message monitored by Whale Alert,Circle on 01: 44（UTC+8) on Solana network newly minted 250000000 tokens USDC, worth approximately 250000000 USD. Solscan data shows that the minting transaction has been successfully confirmed.
Source: https://www.panewslab.com/zh/articles/01a17433-30a1-72d8-b048-65ab57c17fc2
PANews said the message came from Whale Alert monitoring.
Circle on 01: 44（UTC+8) on Solana network newly minted 250000000 tokens USDC。
The report described the value of this batch of USDC as approximately 250000000 USD。
The report stated that Solscan data shows the minting transaction has been successfully confirmed.
The following is analysis, separate from reported facts. Verify important claims independently.
“Minting” refers to creating new tokens on-chain. Here, it means that Circle on Solana network created 250000000 tokens USDC; the report also stated that the relevant transaction had been confirmed.
This was a relatively large USDC supply-side operation, and it is worth continuing to monitor whether these tokens are subsequently transferred, circulated, or burned.
Beginners should note: completion of minting only means that the tokens have been created; the original text does not state that they have entered the market, generated additional demand, or will be used for any particular purpose.
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