On March 6 and 7, 2025, a series of minting events at the USDC Treasury resulted in the creation of significant amounts of USDC, a stablecoin pegged to the US dollar. Initially, 50 million USDC was minted on March 6, followed by another 66.5 million USDC later that day. The following day saw a substantial increase in minting activity, with 250 million USDC minted, coinciding with speculation of a market surge. Additional minting included 50 million USDC shortly before a scheduled speech by Donald Trump, and a total of 319.6 million USDC was minted later that evening. The activity culminated in a transfer of 400 million USDC from the USDC Treasury to Coinbase, raising concerns and interest in the potential impact on the cryptocurrency market ahead of an upcoming crypto summit.