USDC Treasury Makes Significant Transactions on Solana and Ethereum

The USDC Treasury has been active in both the Solana and Ethereum blockchain ecosystems. On May 7th at 2:51 AM UTC+8, a $250 million transaction of USDC was issued on the Solana blockchain, as reported by Whale Alert. Later at 4:01 AM UTC+8, USDC Treasury conducted another notable burn action. This time they burned approximately $94,522,005 worth of USDC on the Ethereum blockchain. The transaction involved a significant amount of USDC being transferred from one address to another.