Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDC Forum => Topic started by: cheezcarls on November 23, 2019, 12:58:16 PM
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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.
Full news here (https://beincrypto.com/three-million-usdc-freshly-minted-likely-another-whale-looking-to-buy-the-bitcoin-dip/?utm_campaign=amba&utm_medium=social&utm_source=altcoinstalks&utm_content=jc)