Data: 500 Million USDC Minted on Solana in 5 Minutes

On October 21, Whale Alert posted on X that USDC Treasury minted two batches of 250 million USDC each on the Solana network at 03:47 and 03:49 Beijing time, totaling 500 million USDC worth approximately $500 million. Solana block explorer data shows that both transactions were executed by the USDC minting authority address.