Circle burned 50 million USDC on Ethereum.
When I look at stablecoin data, I generally think one burn alone has limited significance—the key is the net direction over a period of time. Sustained burns combined with falling stablecoin balances on exchanges indicate that funds are flowing out.
$BTC , current price 81582. What kind of confirmation do you need before taking action?
When I look at stablecoin data, I generally think one burn alone has limited significance—the key is the net direction over a period of time. Sustained burns combined with falling stablecoin balances on exchanges indicate that funds are flowing out.
$BTC , current price 81582. What kind of confirmation do you need before taking action?