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

Circle itself uses BNY Mellon for USDC custody, which positions USDC in a highly institutionalized legacy environment that is unlikely to be ousted by regulatory moves.

Source: https://247wallst.com/investing/2023/02/28/binances-busd-was-once-a-top-stablecoin-but-now-rendered-obsolete-by-regulations/

Circle itself uses BNY Mellon for USDC custody, which positions USDC in a highly institutionalized legacy environment that is unlikely to be ousted by regulatory moves.

Source: https://247wallst.com/investing/2023/02/28/binances-busd-was-once-a-top-stablecoin-but-now-rendered-obsolete-by-regulations/

Coinbase has resumed USDC to USD conversion as the banks reopen after the weekend break.

Source: https://biztoc.com/x/eece41575b06659e?ref=ff

• Despite the declining market cap, USDC dominates the market in terms of transfer volume.

Source: https://biztoc.com/x/d3d6586c6daa6078?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

For example, USDC or USDT gives anyone easy access to the US dollar.

Source: https://thebogotapost.com/the-quest-of-colombias-1-hacker-to-solve-latams-crypto-insecurity/50945/

Hackers stole $751,321.80 USDC from a single wallet within half an hour of the malicious links being tweeted, according to Etherscan data…

Source: https://biztoc.com/x/376678e9f9fce163?ref=ff

Investors seeking to acquire Venus USDC should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini.

Source: https://www.dailypolitical.com/2023/02/18/venus-usdc-reaches-24-hour-volume-of-2520-08-vusdc.html

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

The collapse of Silicon Valley Bank and news that Circle, the issuer of USDC, was exposed to the tech lender has caused reverberations across the stock and crypto markets.

Source: https://www.onenewspage.com/n/World/1zpks0l84w/Is-Moody-Ratings-Downgrade-The-Reason-Why.htm

The launch of USDC on Optimism is a step in the…

Source: https://biztoc.com/x/0a13c1c4c70049dd?ref=ff

Then, it was observed that they converted large chunks to USDC, a…

Source: https://biztoc.com/x/dc76058292893b1a?ref=ff

This Thursday, MakerDAO voted in favor of moving up to $500 million in USDC to Coinbase’s custodial arm.

Source: https://247wallst.com/investing/2023/04/21/makerdao-elects-to-move-up-to-500m-usdc-to-coinbase-in-landslide-vote/

This was the second-ever issued BitLicense, with Circle being the first for its USDC stablecoin.

Source: https://247wallst.com/investing/2023/02/28/binances-busd-was-once-a-top-stablecoin-but-now-rendered-obsolete-by-regulations/

USDC begins recovering as Circle unveils Circle Decentrali…

Source: https://www.onenewspage.com/n/World/1zpks0l0e7/USDC-begins-recovering-as-Circle-unveils-Circle-Decentralized.htm

US Dollar Coin (USDC) is another stable coin.

Source: https://www.standard.co.uk/esmoney/investing/cryptocurrency/top-10-cryptocurrencies-in-april-2023-b989727.html