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100 Million USDC (U.S. dollar-pegged stablecoin) Transferred From USDC Treasury (issuer treasury wallet) to Coinbase (U.S. crypto exchange)

According to the post, 100,000,000 USDC (U.S. dollar-pegged stablecoin), valued at 100,015,349 USD, moved from USDC Treasury (issuer treasury wallet) to Coinbase (U.S. crypto exchange); large stablecoin transfers often support liquidity, but the message does not state a purpose.

USDC

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Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin used for payments and trading.
  • Treasury wallet: An issuer-controlled wallet used to mint, redeem, and distribute tokens.
  • Exchange inflow: A transfer of funds into a centralized exchange wallet; often precedes trading or liquidity provisioning, but purpose can vary.