According to Whale Alert, the USDC Treasury conducted two large-scale USDC minting activities in recent hours during the early morning hours. One minting event occurred about four hours ago, creating 50,000,000 USDC, and another happened approximately two hours ago, minting 162,782,139 USDC. In total, over 212 million USDC were minted. This minting activity demonstrates the active role of USDC Treasury in the market and its ability to regulate stablecoin supply.