#USDC minted 50 million.#

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Overview

USDC Treasury minted another 50 million USDC, worth about $50.02 million, on the morning of July 25th, Beijing time. This is the second large-scale minting of USDC in recent times, following a previous minting of 50 million USDC. These minting activities may be related to changes in market demand or the expansion of USDC's stablecoin status and application scenarios.

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Analysis

USDC Treasury recently minted 50 million USDC, marking the second large-scale minting event after the previous one. This minting took place at 7:25 Beijing time, totaling 50 million USDC, worth approximately $50.02 million. The minting action has drawn market attention, with many speculating about its underlying reasons. Currently, there is no official explanation, but some analysts believe it might be to cater to market demand or to address potential market fluctuations.

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USDC Treasury

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again

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50 million

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USDC

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worth

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50.02 million

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USD

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at

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7:25

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Beijing

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time

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Whale

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