Circle burned 53.7 million USDC on Ethereum.
When I look at stablecoin data, I generally see a single burn as just a clue. What matters is the cumulative trend over time. Sustained burns combined with a decline in stablecoin balances on exchanges are what signal liquidity is being withdrawn.
$BTC Current price: 82,386. Cast your vote in the comments: up or down?
When I look at stablecoin data, I generally see a single burn as just a clue. What matters is the cumulative trend over time. Sustained burns combined with a decline in stablecoin balances on exchanges are what signal liquidity is being withdrawn.
$BTC Current price: 82,386. Cast your vote in the comments: up or down?