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According to a new Messari report, USDC was observed to be losing traction in the stablecoin market. BUSD on the other hand, was witnessing some growth.
Generally speaking, high-risk investments give out the highest rewards. But traders end up losing more money than gaining when entering these kinds of projects.
19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today's $44.93 billion. Statistics show that during the last three months, USDC's market valuation has dropped by more than 19%, shedding approximately $10.59 billion.
London, United Kingdom, 17th October, 2022, Chainwire Kinesis, the world's leading gold and silver-based monetary system, has listed the FIAT-based stablecoin, USD Coin (USDC) on the Kinesis Exchange. USDC, is the fourth-largest cryptocurrency by market capitalization and the second-largest USD stablecoin in the cryptocurrency industry, with over 49 billion USDC tokens currently in circulation.
Wirex, has unveiled USD Coin (USDC) for payment on the Stellar network.
Algorand may not be the most popular blockchain network but it has quickly been climbing up the ranks. It owes this growth to the rapid development aimed at leveraging the demand for fast and affordable layer-1 solutions.
The crypto space attempted to rise high after a brief consolidation, but FOMC fear appears to have reinstalled strength within the bears. The global market capitalization has not changed significantly; it is still circling around $922 billion.
Stablecoins play a key role in the decentralized finance and broader cryptocurrency ecosystem, without a doubt. But the rivalry between USDT and USDC seems to have taken a different route.
Payments platform Wirex now supports the USD Coin (USDC) on the Stellar blockchain within the Wirex app and lets users save or spend USDC in real life. Support for USDC on Stellar is now available in the Wirex app using a crypto-enabled debit card, according to a press release on Tuesday (Oct. 11).
Coinspeaker Former Celsius CEO Alex Mashinksy Cashes Out $960k Worth of CEL, USDC
USDC support expands further on Stellar Network thanks to Wirex
Payments Fintech Wirex says it has launched USDC (USD Coin) on the Stellar blockchain within its App. USDC is a dollar-based stablecoin issued by Circle and one of the most popular stablecoins in the world.
The decision is the result of collaboration between the payments app and the SDF
USDC has lost 12% from its market cap since Binance announced last month that it would auto-convert exchange balances to its own BUSD stablecoin.
After losing $10 billion in three months, Circle's dollar-pegged stablecoin USD coin (USDC) is inching back following the coin's rise that benefitted from Terra's collapse in May and the subsequent fallout of the overall market.
USDC and USDT — two renowned stablecoins backed by the fiat currency, USD witnessed quite a few tussles over the years to stand at the #1 mark. While the latter still holds the trophy, USDC participated in many ‘highs' to at least try to give a tough fight for the trophy.
The crypto market is known for its volatility and market participants tend to trade and invest despite this, although they are continually engulfed with fear. To overcome this volatility issue, stablecoins were created, which aim to mirror traditional currencies with blockchain technology. Stablecoin derives its value from getting pegged against the dollar.
USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.
Bitcoin's [BTC] next bull run could depend on how well USDC would flow into exchanges, according to the CryptoQuant CEO Ki Young Ju. The investor noted that the stablecoin played a crucial role in BTC's future because a chunk of institutional investors held more USDC than any other stablecoin.
The stablecoin issuer has burned $9 billion worth of USD Coin (USDC) from its total supply in the last three months. The post Circle removed $9 billion from USDC supply in the last three months appeared first on The Block.
DeSo, a decentralized social media platform powered by blockchain technology, has integrated Circle's USD Coin (USDC) into its platform to enable millions of existing MetaMask and Ethereum users to enjoy near gasless, encrypted messaging, and more, according to a press
Consumer finance app Eco has joined forces with Zero Hash — a crypto-as-a-service infrastructure provider — to offer stablecoin-powered financial services to customers. According to a Monday (Oct.
October 3, 2022 – Los Angeles, California A USDC integration with DeSo – a new blockchain that has raised $200 million from Coinbase, Sequoia and Andreessen Horowitz – is launching next week.
