Circle minted 50 million USDC on Ethereum.
My usual approach to looking at stablecoin data is: a single mint is of limited significance; what matters is the cumulative trend over a week. Consecutive mints combined with an increase in stablecoin balances on exchanges look more like new capital getting ready to enter.
$BTC Current price: 81,420. Where do you think it’s headed next?
#BTC
My usual approach to looking at stablecoin data is: a single mint is of limited significance; what matters is the cumulative trend over a week. Consecutive mints combined with an increase in stablecoin balances on exchanges look more like new capital getting ready to enter.
$BTC Current price: 81,420. Where do you think it’s headed next?
#BTC