Blockchain-tracking service Whale Alert recorded a series of seven transactions from Circle Internet Financial’s USDC Treasury wallet on 8 August 2025 that created about 1.09 billion new units of the dollar-pegged stablecoin. The largest of the transfers were three consecutive mints of 250 million USDC each, executed within two minutes. Smaller issuances of 100 million, 75.4 million and 64.5 million USDC rounded out the total, with at least part of the newly minted supply generated on the Solana network, according to on-chain data. Roughly six minutes after producing the 75.4 million-unit tranche, the same treasury wallet destroyed—or “burned”—an identical amount, leaving net new issuance of about 1.01 billion USDC for the day. Circle has not publicly stated the purpose of the transactions, which historically can reflect pending redemptions, liquidity provisioning for exchanges or institutional client conversions.