The market value of stablecoin USDC has plummeted by $10 billion in the past two weeks.
USDC continues to see massive redemptions as the market value of stablecoin USDC falls below $33 billion, down about $10 billion in the past two weeks.
In addition, Steven Zheng, director of research at The Block, said that it appears that events in early March have damaged cryptocurrency investors and traders’ trust in the reliability of stablecoins, although Circle provided full redemptions for USDC without delay.
08 Opinion: This is not a problem. Judging from the USDC wave, it should be able to survive this wave. It’s not a big problem, stablecoins like this happen every year.
📈Follow me and I will bring you more valuable information.
USDC continues to see massive redemptions as the market value of stablecoin USDC falls below $33 billion, down about $10 billion in the past two weeks.
In addition, Steven Zheng, director of research at The Block, said that it appears that events in early March have damaged cryptocurrency investors and traders’ trust in the reliability of stablecoins, although Circle provided full redemptions for USDC without delay.
08 Opinion: This is not a problem. Judging from the USDC wave, it should be able to survive this wave. It’s not a big problem, stablecoins like this happen every year.
📈Follow me and I will bring you more valuable information.