In recent hours, 430 million USDC have been “printed”.#WhaleAlertdata shows this.
180 million was “printed” on the#Algorandblockchain (marked “to an unknown wallet”, but this is probably a bug, we are talking about the treasury of the issuer Circle).
250 million were “printed” on the#Solanablockchain.
The last time we wrote about large volumes of stablecoin “printing” from#Circlewas on July 10th, before that on July 5th. In each case, 250 million #USDC. After this, on July 14, 300 million USDC was printed on Algorand.
In total, since July 1, 1.763 billion USD has already been “printed”. And 401.82 million#USDCwere burned (#Circle, unlike #Tether, often also burn their stablecoins). Total in the market for July - an additional 1.361 billion USDC.
At the same time, let us remind you that CryptoQuant data indicates a significant influx of stablecoins on crypto exchanges, which can be interpreted as a bullish sign, preparation for purchases.
