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11.28 Large-scale minting of stablecoins! 17.25 billion funds poised to buy the dip?
Circle today minted 1.25 billion USDC. After the market decline on October 11, Tether and Circle have cumulatively added 17.25 billion USD stablecoins. As the market's "cash reserves", the massive minting suggests that incremental funds are entering the market, and the buy the dip signal is clear!