[Chain News] On June 17, according to data monitoring, at 12:41 and 12:42 PM, the issuer of USDC, USDC Treasury, minted 69,801,539 USDC (approximately 69.78 million USD) on Ethereum, while almost simultaneously burning an equivalent amount of USDC on the Solana chain, indicating that this is a standard cross-chain asset migration operation.
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ShadowStaker
· 06-17 05:22
hmm another migration away from sol... yield strategy optimization intensifies
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DAOplomacy
· 06-17 05:19
sub-optimal incentive structures at play here... as usual
USDC has completed a cross-chain migration of nearly 70 million USD from Solana to Ethereum.
[Chain News] On June 17, according to data monitoring, at 12:41 and 12:42 PM, the issuer of USDC, USDC Treasury, minted 69,801,539 USDC (approximately 69.78 million USD) on Ethereum, while almost simultaneously burning an equivalent amount of USDC on the Solana chain, indicating that this is a standard cross-chain asset migration operation.