Circle burned 89.54 million USDC on Ethereum.
My general take on stablecoin data is that a single burn has limited significance; what matters is the cumulative trend over time. Sustained burns combined with a decline in stablecoin balances on exchanges are what indicate liquidity is being withdrawn.
$BTC Current price: 77469.58. Which side are you on? Share your thoughts in the comments.
#BTC
My general take on stablecoin data is that a single burn has limited significance; what matters is the cumulative trend over time. Sustained burns combined with a decline in stablecoin balances on exchanges are what indicate liquidity is being withdrawn.
$BTC Current price: 77469.58. Which side are you on? Share your thoughts in the comments.
#BTC
