📰💸 DLNews sheds light on USDC's circulating volume drop of over 41% to $29 billion in 2022. 📉 High U.S. Treasury yields are the culprit, impacting the DeFi-focused stablecoin. DeFi yields lag behind government bond yields, affecting USDC's attractiveness for investments. Tom Wan, 21Shares analyst, points to U.S. bond returns outpacing DeFi gains in risk-reward terms. For instance, AAVE offers 2.8% interest vs. U.S. bonds' 2.8% – suggesting up to 5% returns with bonds. However, USDC issuer Circle collaborates with Coinbase to boost stablecoin incentives, aiming to curb circulation decline. Stay tuned for stablecoin dynamics! 🌐💰 #USDC #StablecoinMarket #CryptoNews