The stablecoin sector has grown by $4.95 billion in 12 days, with $USDE experiencing a 376% supply increase, and #Tether reaching $103 billion. Jerome Powell has printed $400 million through transactions involving $USDC and $USDT, backed by short-term US Treasuries. 50 million #USDC, equivalent to $50,005,000, has been minted at the USDC Treasury. The stablecoin economy continues to expand, with over half a billion dollars in USDC minted in a single day by Circle.
Over half a yard in USDC minted today. Can't remember the last time I saw that much from Circle in a single day. Just an observation.
#Stablecoin Economy Continues to Swell https://t.co/2KYJMsero4
Jerome Powell prints another $350m 👀 Update: 3 transactions $USDC and $USDT Stable Coins are backed by short term US Treasuries. When the issuers mint they have bought treasuries. This digital US Treasury dollar goes straight into crypto, which is slowly becoming backed by US… https://t.co/QxZRPyZday
Jerome Powell prints another $50m 👀 Stable Coins are backed by short term US Treasuries. When the issuers mint they have bought treasuries. This digital US Treasury dollar goes straight into crypto, which is slowly becoming backed by US Treasuries. https://t.co/QxZRPyZday
💵 💵 💵 50,000,000 #USDC (50,005,000 USD) minted at USDC Treasury https://t.co/1jqHss3Ci6
#Stablecoin Sector Expands by $4.95B in 12 Days, $USDE Sees 376% Supply Increase, #Tether Hits $103B https://t.co/2KYJMsero4