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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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12401777 No.12401777 [Reply] [Original]

I know that USDC was released by Circle, but what makes Circle print new coins?

I've noticed that there's a $1 million dollar buy wall on Coinbase Pro (ETH-USDC), and I wonder if buy walls in USDC pairs could be an indicator of institutional interest.

Also, notice how the supply of USDC has been increasing linearly on pic related. Does that represent institutional money getting into crypto?

>> No.12401824
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12401824

>absolute state of /biz/
are you fucking retarded or something?

>> No.12401852

>>12401824
GIVE ME THE ANSWER, BITCH

>> No.12401891

>>12401777
>Coinbase
Wasted trips

OP
>What is google
KYS

>> No.12401905

>>12401891
WHY THE FUCK IS THE SUPPLY OF USDC GOING UP? WHO IS CONVERTING USD TO USDC? I WON'T GOOGLE UNTIL YOU GIVE ME AN ANSWER HERE.

>> No.12401911

>>12401777
It is the new tether. And after it fails there will be another and another and so on forever

>> No.12401914
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12401914

>>12401905

>> No.12401927

>>12401914
IF THIS IS SO TRIVIAL WHY CAN'T ANYONE ANSWER MY QUESTIONS?

>> No.12402259
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12402259

>>12401777
checked >>12400821

>> No.12402287

>>12401905
>>12401927
I hate you Zoomer cunts, I hope World War 3 breaks out & while you are fighting for Israel your mum gets raped!