According to a report by PANews, Whale Alert monitoring shows that USDC issuer USDC Treasury minted 69,801,539 USDC on Ethereum at 12:41 and 12:42 PM (UTC+8) on June 17, amounting to approximately 69.78 million USD. At the same time, an equivalent amount of USDC was burned on the Solana chain. This appears to be a standard cross-chain asset migration operation.
USDC Treasury Mints Nearly 69.78 Million USDC on Ethereum and Burns the Equivalent Amount on Solana
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