šØ $400 MILLION VANISHES FROM TRUMP-LINKED STABLECOINāS MARKET CAP!
World Liberty Financialās $USD1 is shrinking fast!
š“ Market cap: $4.43B ā $4.02B.
š“ Down approximately $401M (9.1%) since October 6.
š“ $200M redeemed on BNB Chain from one unidentified address.
š“ Another $184.6M redeemed on Ethereum during Oct 6ā15.
š THE TWIST?
Massive redemptions are happening as World Liberty prepares to take over USD1 issuance from BitGo!
But thereās an important distinction: USD1 maintained its dollar peg during the analyzed period.
ā ļø This is a supply contraction, NOT a confirmed reserve loss or stablecoin collapse.
For $BTC , $ETH and $BNB traders, stablecoin supply is a liquidity indicator ā not proof of an impending price crash.
š¬ WHY ARE LARGE HOLDERS REDEEMING USD1?
#USD1 #Stablecoins #BNB #Ethereum #CryptoNews
World Liberty Financialās $USD1 is shrinking fast!
š“ Market cap: $4.43B ā $4.02B.
š“ Down approximately $401M (9.1%) since October 6.
š“ $200M redeemed on BNB Chain from one unidentified address.
š“ Another $184.6M redeemed on Ethereum during Oct 6ā15.
š THE TWIST?
Massive redemptions are happening as World Liberty prepares to take over USD1 issuance from BitGo!
But thereās an important distinction: USD1 maintained its dollar peg during the analyzed period.
ā ļø This is a supply contraction, NOT a confirmed reserve loss or stablecoin collapse.
For $BTC , $ETH and $BNB traders, stablecoin supply is a liquidity indicator ā not proof of an impending price crash.
š¬ WHY ARE LARGE HOLDERS REDEEMING USD1?
#USD1 #Stablecoins #BNB #Ethereum #CryptoNews