Circle minted 50 million USDC on Ethereum.
Personally, when looking at stablecoin data, I generally think a single issuance doesn’t mean much—you need to look at the cumulative trend over a period of time. Ongoing issuance combined with rising stablecoin balances on trading platforms looks more like new money getting ready to come in.
$BTC At the current price of 83330, what confirmation are you waiting for before making a move?
#BTC
Don’t take this as advice.
Personally, when looking at stablecoin data, I generally think a single issuance doesn’t mean much—you need to look at the cumulative trend over a period of time. Ongoing issuance combined with rising stablecoin balances on trading platforms looks more like new money getting ready to come in.
$BTC At the current price of 83330, what confirmation are you waiting for before making a move?
#BTC
Don’t take this as advice.