314M USDC sent to null address as redemptions begin: Report
The token is on the verge of restoring its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The token is on the verge of restoring its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior.
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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