đš $400 MILLION VANISHES FROM TRUMP-LINKED STABLECOINâS MARKET CAP!
World Liberty Financialâs $USD1 is shrinking fast!
đŽ Market cap: $4.43B â $4.02B.
đŽ Down approximately $401M (9.1%) since October 6.
đŽ $200M redeemed on BNB Chain from one unidentified address.
đŽ Another $184.6M redeemed on Ethereum during Oct 6â15.
đ THE TWIST?
Massive redemptions are happening as World Liberty prepares to take over USD1 issuance from BitGo!
But thereâs an important distinction: USD1 maintained its dollar peg during the analyzed period.
â ïž 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 â not proof of an impending price crash.
đŹ WHY ARE LARGE HOLDERS REDEEMING USD1?
#USD1 #Stablecoins #BNB #Ethereum #CryptoNews
World Liberty Financialâs $USD1 is shrinking fast!
đŽ Market cap: $4.43B â $4.02B.
đŽ Down approximately $401M (9.1%) since October 6.
đŽ $200M redeemed on BNB Chain from one unidentified address.
đŽ Another $184.6M redeemed on Ethereum during Oct 6â15.
đ THE TWIST?
Massive redemptions are happening as World Liberty prepares to take over USD1 issuance from BitGo!
But thereâs an important distinction: USD1 maintained its dollar peg during the analyzed period.
â ïž 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 â not proof of an impending price crash.
đŹ WHY ARE LARGE HOLDERS REDEEMING USD1?
#USD1 #Stablecoins #BNB #Ethereum #CryptoNews