USDC’s circulating supply falling by about 800 million over seven days has become a talking point, but the market hasn’t weakened in tandem: BTC is at 78008.25 USDT, up 0.60% over the past 24 hours, with a trading volume of about 519 million USDT; ETH is at 2265.95 USDT, up 0.76%, with a trading volume of about 175 million USDT; BNB is at 715.02 USDT, up 1.31%, with a trading volume of about 65.34 million USDT.
Changes in USDC don’t directly determine the prices of these three coins. Here, BTC, ETH, and BNB are just a backdrop for the broader market. Next, we should first see whether redemptions continue to exceed issuance in the next weekly period. Only if net supply falls for a second consecutive week would it make sense to talk about a contraction in stablecoin liquidity; one week of data isn’t enough.
#USDC七日流通量减少约8亿枚 $BTC $ETH $BNB
Changes in USDC don’t directly determine the prices of these three coins. Here, BTC, ETH, and BNB are just a backdrop for the broader market. Next, we should first see whether redemptions continue to exceed issuance in the next weekly period. Only if net supply falls for a second consecutive week would it make sense to talk about a contraction in stablecoin liquidity; one week of data isn’t enough.
#USDC七日流通量减少约8亿枚 $BTC $ETH $BNB