Latest news: USDC Treasury mints 250 million USDC on Solana

What is the potential impact of minting on the market?

Increased liquidity: More USDC enters the market to meet the increased demand for it

Supply expansion: It also shows that the issuer of USDC is expanding its supply, which is to meet the needs of a large number of users to exchange fiat currency or conduct cross-chain transactions

Market sentiment: After yesterday's big drop, many people are still hesitant and did not buy the bottom again. Today, they are still very upset. Large-scale minting may also trigger market speculation. In fact, this is also a bullish signal

Of course, the views I provide are based on my optimism about the market outlook. If there is an oversupply and insufficient demand, this will also cause negative effects