Had some free time, so I took a look on-chain and noticed something—
About $0.53B in USD Coin (USDC) was burned over the past 24 hours, bringing the current total circulating supply to $71.1B.
I’ve been watching this metric for a while. It tends to signal a direction before price does. But don’t draw conclusions from a single metric—only treat it as a useful reference when it lines up with price. If it doesn’t, just make a note of it for now.
#Stablecoins
About $0.53B in USD Coin (USDC) was burned over the past 24 hours, bringing the current total circulating supply to $71.1B.
I’ve been watching this metric for a while. It tends to signal a direction before price does. But don’t draw conclusions from a single metric—only treat it as a useful reference when it lines up with price. If it doesn’t, just make a note of it for now.
#Stablecoins