ChainCatcher message, Whale Alert monitoring shows that USDC Treasury issued 400 million USDC early this morning. This action has drawn widespread attention from the market, especially against the backdrop of significant market volatility.

Firstly, as a stablecoin, the issuance of USDC is usually closely related to changes in market demand. The issuance of 400 million USDC may indicate a rise in demand for stablecoins or expectations for increased liquidity.

Secondly, this issuance may impact the market capitalization rankings of the digital currency market. The increase in USDC's market cap could change its ranking among stablecoins, thereby affecting the overall market landscape.

Finally, investors need to closely monitor on-chain data to assess the long-term impact of this issuance on the market.