Circle burned 50 million USDC on Ethereum.
When I look at stablecoin data, I focus on the net direction over a week rather than treating a single burn as conclusive. Consecutive burns combined with a decline in stablecoin balances on exchanges are stronger signs that liquidity is leaving.
$BTC Current price: 73566.01. Which direction are you more bullish on?
When I look at stablecoin data, I focus on the net direction over a week rather than treating a single burn as conclusive. Consecutive burns combined with a decline in stablecoin balances on exchanges are stronger signs that liquidity is leaving.
$BTC Current price: 73566.01. Which direction are you more bullish on?
