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USDC has just minted 100 million USD on the Ethereum blockchain.
[Block Rhythm] At 10:46 PM tonight, the USDC official minted 100 million on the Ethereum blockchain.
This large-scale minting action usually indicates a replenishment of market liquidity or an increase in institutional demand. From on-chain data, the issuance of stablecoins often follows a warming of market sentiment, especially when exchange reserves are insufficient.
It is worth noting that the Ethereum network remains the preferred main battleground for USDC minting. A single transaction of 100 million USD is considered a relatively large move in the current market environment.