USDC Treasury minted 500 million USDC on Solana, accumulating to 750 million within the day.

Stablecoin minting ≠ immediate price increase, but 'liquidity ammunition' is in place.

My opinion: The expansion of Sol stablecoins + new real TPS highs will make on-chain payments/gaming/Launchpad more active. Observe the flow of USDC: if a large portion enters market making and perpetual margin, it indicates more volatile short-term fluctuations; if it goes into RWA/stable pools, then it's 'long-term money' returning.