🚨 ALERT: 50,000,000 $USDC ($50,032,500 USD) Minted at USDC Treasury! 🚨

A large minting of 50 million USDC, equivalent to $50.03 million USD, has just been executed at the USDC Treasury. This significant increase in the supply of stablecoins can have various implications for the market.

What Does This Mean?