Pulsechain

According to the report, Conor, the business director of Coinbase, tweeted that the largest net outflow of USDCs seen on the chain belonged to the Pulsechain Sacrifice wallet. At the weekend, they exchanged 155 million USDCs for 153.7 million DAIs. They should use MakerDAO’s PSM directly, and Pulsechain finally took on the sliding point of $1.4 million, which they don’t need to do. Business director of Coinbase: Pulsechain Sacrifice wallet exchanged 155 million USDCs for 153.7 million DAIs Analysis based on this information:The recent report reveals that the Pulsechain Sacrifice wallet has generated the largest net outflow of USDCs on the Coinbase chain. Conor, the business director of Coinbase, tweeted about this development, mentioning that over the weekend, the wallet exchanged 155 million USDCs for 153.7 million DAIs. It is interesting to note that instead of utilizing MakerDAO’s PSM directly, Pulsechain chose to take on the sliding point of $1.4 million on their own. This decision raises several questions as…

It is reported that according to the data disclosed by the chain analyst @ Lookonchain, PulseX and PulseChain have converted 260.14 million USDCs into 25852 DAIs, of which Pulsechain has converted 155 million USDCs into 153.7 million DAIs, while PulseX has converted 105.14 million USDCs into 104.82 million DAIs. PulseX and PulseChain converted more than 260 million USDCs into DAI Analysis based on this information:The cryptocurrency market has always been highly volatile, causing investors to be cautious when making investment decisions. However, amidst the current unpredictability in the cryptocurrency world, PulseX and PulseChain have both decided to shift towards stablecoins. These stablecoins are less risky and help protect against the extreme fluctuations of the cryptocurrency market. According to the chain analyst @ Lookonchain, PulseX and PulseChain have converted 260.14 million USDCs into 25852 DAIs. This has been seen as a safe haven for these two cryptocurrencies amidst the market volatility, as it minimizes the sudden and unexpected losses that cryptocurrency…