USDC Whale Holdings Percentage Hits A Two-Year Low

The continuous price fluctuations in the crypto market considerably impact the Circle's stablecoin, USD Coin (USDC). The recent performance of its whales' addresses is making a more southern move.

Timeline of Usd-coin

According to reports, crypto investors have converted their USDC stablecoin worth over $1.6 billion to another stablecoin, USDT. This is due to the ripple effect of the latest US sanction on Tornado Cash.

The leading US-based cryptocurrency exchange says that one dollar-pegged stablecoin will play an important role within the transforming financial landscape. In a new blog post, Coinbase says US Dollar Coin (USDC) will be a key component of the broader revolutionary changes as adoption of digital currencies expands.

OKX now offers the most USDC pairs of any crypto exchangeAugust 17 will see OKX launch ZBC Staking with rewards of up to 80% APYOKX Wallet is targeting an industry leading 50 public chains supported, and has received a positive security assessment from

Investors have moved about $1.6 billion from USDC to rival stablecoin USDT over the past month as regulators in the United States increase scrutiny of the crypto company. Investors have moved about $1.

Anchorage Digital, a federally chartered digital asset bank, has partnered with well-known funding platform and talent board AngelList to invest using USDC. AngelList and Anchorage say they are bridging the gap between fiat currency and VC funding.

While the cryptocurrencies are gaining mainstream attention, so does centralized stablecoins like Tether (USDT) and USD Coin (USDC). Now, Vitalik Buterin, Ethereum co-founder, claims that these centralized stablecoins are on the verge of becoming decision makers in the near future, hard forks that are always on dispute.

USD Coin from Circle, a technology company that develops peer-to-peer payments, is improving its positions as a leading stablecoin. Its market cap rose from $40 billion at the beginning of 2022 to almost $55 billion at the end of July.

Stablecoins have become a major part of the cryptocurrency space over time, with Tether USD (USDT) and USD Coin (USDC) now being the two leading stablecoins by market capitalization. While both are fully collateralized stablecoins, their underlying business models and infrastructure differ.

The news was hailed as a historic event for South American football, but it could bring unexpected consequences for Argentinian club Banfield, amid local FX restrictions. This piece is part of CoinDesk's Sports Week.

The second biggest stablecoin by market cap, USDC, is expected to overtake USDT, according to analysts at Arcane Research. The post Research: USDC on track to flip USDT by Q3 to become leading stablecoin appeared first on CryptoSlate.