Between July 17 and July 18, 2025, the USDC Treasury minted multiple large batches of USDC stablecoins, totaling over 2 billion USDC. Notable minting events include amounts of 139.1 million, 250 million (three times), 78.4 million, 181.6 million, 99.9 million, 100 million, 69.1 million, and 200 million USDC. These minting activities were reported by Whale Alert and ICODrops, highlighting a substantial increase in USDC supply within a short period.