In a significant on-chain transaction, the USDC Treasury transferred 100 million USDC to a Coinbase-linked wallet on the Ethereum blockchain. The transaction, recorded on March 21, 2025, at 7:25 PM UTC, was completed with a minimal gas fee of 0.000027 ETH.
According to blockchain data, the sender address belongs to the official USDC Treasury (0x55fe…844b8), while the recipient address (0x28c5…151a) is linked to leading cryptocurrency exchange Coinbase. The full amount transferred was 100,000,000 USDC, equivalent to approximately $100,022,009 USD.
This move is expected to support exchange liquidity or institutional operations. Transfers of such scale are closely watched by market analysts, as they may indicate potential trading activity, redemptions, or capital allocation strategies.
USDC, a regulated and fully backed stablecoin issued by Circle, continues to be a preferred vehicle for large-scale transfers in the digital asset ecosystem due to its stability and compliance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.