USDC Treasury Mints and Transfers 50 Million USDC

The USDC Treasury recently minted 50,000,000 USDC (worth $50,000,000) and subsequently transferred the same amount to Coinbase.

Minting Details:

Amount Minted: 50,000,000 USDC

Value: $50,000,000

Transaction Hash: 0xd3abd4795095f6f58d03f4e75e3b97656d1b4c9018696c3a2ab31b0b1f40bb9b

Transfer Details:

Amount Transferred: 50,000,000 USDC

Value: $50,000,000

Recipient: Coinbase

Transaction Hash: 0x9dadefa1bcd6873afdd4553606d46841c6ba52f5fb35049b808272d8d55389bb

Summary:

Minted USDC: 50,000,000 USDC ($50,000,000)

Transferred USDC: 50,000,000 USDC ($50,000,000) to Coinbase

This activity highlights significant liquidity movement, likely for market-making or other strategic purposes on Coinbase.