USDC

<ul><li>Circle’s USDC stablecoin market cap fell $10B to reach $31B.</li><li>USDC’s market cap remains drops.</li></ul>The Silicon Valley Bank (<a href="https://thenewscrypto.com/tag/svb/" rel="noopener noreferrer nofollow">SVB</a>) incident happened at a time when the global cryptocurrency market was still recovering from last year’s substantial slump. This is when the massive outflow of USDC began.The FTX exchange and the TerraUSD and LUNA collapse instilled fear in investors against the crypto market. This has been part of the reason many investors have continued to withdraw from USDC despite the stablecoin recovery and re-pegging.Recently, Investors’ concern about the cryptocurrency industry was fostered by the FTX exchange. Due in part to this, despite the stablecoin rebound and re-pegging, many investors have continued to pull funds out of<a href="https://thenewscrypto.com/usd-coin-remains-second-largest-stablecoin/" rel="noopener noreferrer nofollow"> USDC</a>.Continue reading <a href="https://thenewscrypto.com/usdcs-market-cap-declines-steadily/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

USDC’s Market Cap Declines Steadily

TheNewsCrypto

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