Another coin, Frax, was also assessed as a 5. First Digital USD was rated a 4, while number two stablecoin USD Coin was classed as a "strong" 2, alongside Gemini Dollar and Pax Dollar.

Source: https://www.channelnewsasia.com/business/sp-gives-tether-poor-marks-new-stablecoin-scale-3984211?cid=cna_flip_070214

Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC).

Source: https://biztoc.com/x/c6e80123abc5f1c8?ref=ff

For example, a trader can use USD Coin (USDC) on the Ethereum or Solana blockchains to interact with the decentralized applications (DApps) on those networks.

Source: https://biztoc.com/x/c6efaa8743fd491a?ref=ff

On-chain investigator Lookonchain reported that a wallet “possibly” connected to Tron founder Justin Sun made $3.3 million from USD Coin (USDC) March 11 depeg.

Source: https://biztoc.com/x/3937bc810bcff31e?ref=ff

Over the last week, Compound USD Coin has traded up 0.6% against the U.S. dollar.

Source: https://www.americanbankingnews.com/2023/01/29/compound-usd-coin-1-day-trading-volume-tops-6-72-million-cusdc.html

Some of these are known as 'stablecoins', like Tether and USD Coin, which has its value pegged to another asset.

Source: https://www.dailymail.co.uk/sciencetech/article-11683239/Cryptocurrency-dummies-need-know-digital-assets.html?ns_mchannel=rss&ns_campaign=1490&ito=1490