Circle issued an additional 10 billion USDC in the past month.



This 10 billion USD essentially represents the return of US dollars to the market, signaling three major points:

① Liquidity is returning on-chain, not exiting
ETF/institutional/OTC funds all need to convert to USDC first to obtain fuel. A large USDC issuance = off-market USD & institutional risk appetite recovering, with wallets tangibly moving funds.

② This round of issuance follows institutional rhythm, not retail
USDC’s recovery speed far exceeds USDT, indicating new funds prefer transparent and compliant stablecoins = compliant capital is positioning in advance, not chasing price pumps.

③ Every bull market cycle starts with a stablecoin reversal
History: Stablecoin issuance always precedes BTC rallies (liquidity-driven > sentiment-driven). This January’s 10 billion scale is already close to the pace at the start of the 2021 bull market, with the liquidity cycle climbing from the bottom.

Capital doesn’t lie, prices can lag.
USDC0.02%
BTC2.04%
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