ChainCatcher Message, this morning around 6 AM Beijing time, USDC Treasury minted 50 million USDC on the Ethereum chain. This minting has attracted widespread attention from the market, and investors are beginning to analyze the potential impacts it may bring.

Firstly, as a stablecoin, the minting of USDC is usually closely related to changes in market demand. This large-scale minting may indicate that the market demand for USDC is rising, or it could be in response to impending market volatility.

Secondly, from on-chain data, this minting action may affect the market capitalization ranking of USDC, which is worth continuous monitoring.