BlockBeats News, March 28th, according to Ashes Monitor, the edgeX Treasury reduced its stablecoin holdings by 50 million in the past 24 hours, decreasing from $190 million to $140 million. Upon on-chain investigation, Ashes discovered that two wallets, including market maker Amber Group, transferred the corresponding 50 million USDC to edgeX cross-chain. The receiving address 0xc8B…783 currently holds approximately 75 million USDC on edgeX.
Ashes speculated that this portion of USDC may be used for TGE liquidity mining or token buyback.
