Trump-Linked Stablecoin USD1 Supply Drops 8.7% in Nine Days
The supply of the Trump-linked stablecoin USD1 fell by 8.7% over a nine-day period, with redemptions concentrating in specific wallets.
The supply of the Trump-linked stablecoin USD1 dropped 8.7% over a nine-day period, according to BigGo Finance. The contraction in supply was marked by redemptions that concentrated in specific wallets.
Supply Contraction Details
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The stablecoin's circulating supply decreased visibly across the nine-day window. Data from the report indicates that the token burn and redemption activity was not evenly distributed across the user base, but rather concentrated within a limited number of specific wallet addresses.
Key facts
- USD1 supply dropped 8.7% over nine days according to BigGo Finance.
- Redemptions during this period concentrated in specific wallets.
Source: news.google.com
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