150 million USDC was newly issued from the USDC treasury address, according to Whale Alert. The issuance of new USDC is a significant event as it increases the supply of the stablecoin in the market. USDC is a popular stablecoin that is pegged to the US dollar. It is used by investors and traders to hedge against the volatility of the cryptocurrency market. The issuance of new USDC could also be a sign of growing demand for the stablecoin.

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