USDC Treasury Activates Large-Scale Ethereum Transactions

A recent surge in activity has been observed on the Ethereum blockchain, as per Whale Alert’s report. The USDC Treasury has executed a significant number of transactions within the past 12 hours, involving both minting and burning of USDC tokens. These transactions resulted in approximately 589 million USDC being minted and around 336 million USDC being burned. This overall action has led to a net increase of approximately 253 million USDC tokens.