Tracking stablecoin transfers and redemptions

This lesson is for enrolled learners

Concept Stablecoins behave differently from ordinary tokens in one important way: their total supply changes in response to issuer-controlled mint and burn operations, not just peer-to-peer trading. On most stablecoins (USDC, USDT), a Transfer event from the zero address (0x000...000) represents a mint — the issuer created new tokens, usually backing a fiat deposit — and a Transfer to the……

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