On January 21, 2025, a substantial amount of USD Coin (USDC) was minted, totaling approximately $952.8 million within a single day. The minting activity included $250 million, $200 million, and an additional $104 million minted throughout the day, with a notable $100 million of the newly minted USDC sent to Coinbase. The total minted USDC for the day reached $354 million, with reports indicating that nearly $800 million was minted in just a few hours. The circulating supply of USDC has now reached approximately $50.8 billion, suggesting a significant increase in liquidity within the cryptocurrency market.