Circle's Silver Lining: Unpacking USDC's Supply Drop in an Era of Rising Rates
coinmetrics.substack.com/p/state-of-the-network-issue-228
What Jamie wrote
Deep dive into USDC, backed by Circle, and the stablecoin I prefer to use when needed. I didn’t realize the drop in supply, but did know there were concerns over exposure to Silicon Valley Bank. Interesting read to understand how this works as a business.