Mignolet
USDC liquidity is injected.
Early this morning, the supply of newly minted USDC reached its highest level in approximately 707 days since February 2023. It is speculated that this is related to a strategic partnership with Cumberland, a market maker well known in the ETF space. (This is not a new partnership; Cumberland has consistently utilized USDC.) It is unclear whether this liquidity will be deployed immediately or held in reserve. Looking at past price patterns, USDC liquidity has typically been injected during periods of price consolidation or decline.