500 million USDC was minted on the Solana chain within 5 minutes, valued at approximately $500 million

Odaily reports 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, valued at approximately $500 million. Both transactions were executed by the USDC mint authority address.