USDC on Algorand, an institutional mint.
Indeed, Circle has made a strong impact this month with approximately 100 million USDC minted on Algorand, without any official statement but widely reported by Whale Alert.
Moreover, it should be noted that this movement reminds us that Algorand is becoming a fast and cost-effective stablecoin liquidity corridor.
Also, large mints often prepare for shifts in exchanges or DeFi allocations.