The EdgeX Treasury is transferring 50 million USDC to a liquidity provider, to be used for TGE liquidity or buyback

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.