Circle minted 50 million USDC on Ethereum.
My approach to looking at stablecoin data is: a single mint has limited significance; you need to look at the net direction over a week. Consecutive mints combined with an increase in stablecoin balances on trading platforms look more like fresh capital getting ready to come in.
$BTC At the current price of 83054.43, would you chase or wait and see?
#BTC
This is not financial advice; make your own decisions.
My approach to looking at stablecoin data is: a single mint has limited significance; you need to look at the net direction over a week. Consecutive mints combined with an increase in stablecoin balances on trading platforms look more like fresh capital getting ready to come in.
$BTC At the current price of 83054.43, would you chase or wait and see?
#BTC
This is not financial advice; make your own decisions.