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In the past 12 hours, there have been 10 minting and burning operations of USDC treasury totaling over $50 million.
PANews reported on November 7 that, according to Whale Alert monitoring, over the past 12 hours, the USDC Treasury on the Ethereum blockchain conducted 10 USDC minting and burning transactions exceeding $50 million each. In total, approximately 589 million USDC were minted and about 336 million USDC were burned, resulting in a net increase of roughly 253 million USDC.