According to reports from reliable sources, on March 26, Whale Alert - a large transaction tracking system, recorded the issuance of 65 million new USDC by the USDC Treasury on the Ethereum platform. Specifically, this transaction occurred at 7:03 AM, Beijing time. The value of the newly issued USDC is approximately 64,989,665 USD. This event has attracted significant attention from the global cryptocurrency community.
This is a notable move in the context of a volatile cryptocurrency market. USDC is a stablecoin developed by Circle, and the additional large-scale issuance of USDC may indicate an increasing demand for this currency. This could be related to market fluctuations, as investors seek safety in more stable assets like USDC.
However, it is important to note that this information is purely market-related and should not be considered investment advice. Investors should carefully consider before making financial decisions based on fluctuations and directional information from the cryptocurrency market.