StableWar
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💥 Circle burns 60M USDC on Ethereum
1/ 💥 Circle burns USDC, disappearing like cash from a card after payday. Why is this important? I'll explain now.
#USDC #Circle #ETH #Stablecoins
2/ 🔥 Circle destroys tokens when investors withdraw fiat. This is part of the mechanics: fewer tokens — less risk of imbalance.
That is, demand for fiat is rising → burning.
#USDC #Circle #ETH #Stablecoins
2/ 🔥 Circle destroys tokens when investors withdraw fiat. This is part of the mechanics: fewer tokens — less risk of imbalance.
That is, demand for fiat is rising → burning.
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