Circle minted 50 million USDC on Ethereum.
When I look at stablecoin data, I generally think a single mint is of limited significance; what matters is the cumulative trend over a period of time. Sustained minting alongside an increase in stablecoin balances on exchanges is more suggestive of new capital getting ready to enter.
$BTC The current price is 82,810.2. What do you think of this level?
When I look at stablecoin data, I generally think a single mint is of limited significance; what matters is the cumulative trend over a period of time. Sustained minting alongside an increase in stablecoin balances on exchanges is more suggestive of new capital getting ready to enter.
$BTC The current price is 82,810.2. What do you think of this level?