“When information about limitless help for financial institution deposits made the rounds, bitcoin costs exploded from $20,000 to $28,000 inside a matter of days,” mentioned Thielen in a notice to shoppers on Thursday. “However it will seem that holders of USDC both transformed their Circle stablecoin into Tether’s USDT or that they merely offered $10 billion of USDC and purchased bitcoin as an alternative.”
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