USDC Treasury Transfers 130,000,000 USDC to Anonymous Recipient
Crypto News Terminal19 Apr, 2024
USDC Treasury Transfers 130,000,000 USDC to Anonymous Recipient
The USDC Treasury has transferred 130,000,000 USDC to an anonymous recipient. The transaction was made on [date] and is one of the largest USDC transfers in history. The purpose of the transfer is unknown, but it has sparked speculation that the USDC Treasury may be preparing to sell its USDC holdings. This would be a significant event, as the USDC Treasury is one of the largest holders of USDC in the world. If the USDC Treasury does sell its USDC holdings, it could have a major impact on the price of USDC. USDC is a stablecoin, meaning that its value is pegged to the US dollar. However, if the USDC Treasury sells a large number of USDC tokens, it could cause the price of USDC to fall. Previously on 19 April 2024, the USDC Treasury transferred 100,000,000 USDC to an anonymous recipient. This is the second large USDC transfer by the USDC Treasury in recent months, suggesting that the Treasury may be preparing to sell its USDC holdings.
