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.
Original source
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