50 million USDC was just minted on Ethereum.
A new mint doesn’t necessarily mean someone bought it. Sometimes the issuer is building up reserves in advance; other times, it’s been moved over from another chain. After tokens are burned, you can check the addresses to see where they go—that’s more useful than just looking at the numbers. I’ll keep an eye on $BTC while I’m at it.
It’s your money, so think it through before you act.
A new mint doesn’t necessarily mean someone bought it. Sometimes the issuer is building up reserves in advance; other times, it’s been moved over from another chain. After tokens are burned, you can check the addresses to see where they go—that’s more useful than just looking at the numbers. I’ll keep an eye on $BTC while I’m at it.
It’s your money, so think it through before you act.