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Author Topic: Three Million USDC Freshly Minted Likely Another Whale Looking to Buy the Bitcoi  (Read 6364 times)

Offline cheezcarls

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Just hours after Bitcoin’s price took a tumble into the mid-$7,000 range, Whale Alert detected that three million new USDC had been minted by the Treasury. This was done most likely by a whale in order to purchase other cryptocurrency assets in a slumping market — a common practice by big spenders.

Just recently BeInCrypto reported on the successful Oct 31 audit of the total USDC in circulation. Now, it looks like there’s been a little bit more tacked on, thanks to an unknown trader who minted a fresh three million USDC, plausibly to buy Bitcoin during this market downturn.


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