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According to PANews, citing Whale Alert,USDC Treasury minted Solana twice on-chain, each time minting 250000000 units of USDC for a total of 500000000 units.
USDC Treasury on Solana newly minted on-chain 250000000 units of USDC
PANews October 16 According to Whale Alert,USDC Treasury newly minted Solana on-chain 250000000 units of USDC, worth approximately 250120000 USD Approximately 19 hours ago,USDC Treasury had already minted Solana on-chain 250000000 units of USDC(approximately 250070000 USD), for a combined total of 500000000 units.
Source: https://www.panewslab.com/zh/articles/01a144af-3edb-770b-a98e-660bc5f6de46
PANews reported, citing Whale Alert, that USDC Treasury newly minted Solana on-chain 250000000 units of USDC。
The report estimated, based on the price at the time, that the newly minted 250000000 units of USDC were worth approximately 250120000 USD。
The report stated that approximately 19 hours earlier,USDC Treasury had already minted Solana on-chain 250000000 units of USDC, worth approximately 250070000 USD。
The report stated that the two minting transactions totaled 500000000 units USDC。
The following is analysis, separate from reported facts. Verify important claims independently.
This report describes how USDC Treasury created new Solana on-chain USDC tokens. Minting means that the number of on-chain tokens was created, but the original text does not state whether these tokens have entered market circulation or been put to actual use.
The two transactions totaled 500000000 units USDC, a scale that merits attention; however, the minting report alone cannot confirm what impact it had on market supply, trading liquidity, or Solana ecosystem usage.
Beginners should distinguish between “minting” and “entering circulation”: creating tokens does not mean that funds have flowed into trading markets, nor can it alone serve as a signal of price increases or declines.
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This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →An asset that seeks to track a reference value and is subject to risks including depegging, reserves, and redemption.
View glossary →The number of tokens already held by the public and available for circulation and trading in cryptocurrency markets, excluding locked or reserved portions.
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