USDC Treasury re-minted 250 million USDC early this morning

on October 28, according to monitoring by Whale Alert, around 7:23 AM Beijing Time today, the USDC Treasury minted 250 million USDC, worth approximately $249.8 million. This is the second time the USDC Treasury has minted 250 million USDC in a single transaction since early today, with the previous instance occurring around 2:00 AM Beijing Time. Large-scale stablecoin issuance is typically viewed by the market as one of the signals for OTC capital entering the market, but the specific destination of these funds still requires further on-chain tracking.