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CoinGape
2022-09-26 15:11:30

Circle’s USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here’s Why

Circle’s USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here’s Why

Circle’s USD Coin (USDC) market cap continues to tumble below $50 billion as whales lose confidence in the stablecoin and exchanges delist USDC amid censorship risks. After the Terra-LUNA crisis and liquidity crisis, some believed the USDC stablecoin will dethrone Tether (USDT). However, the market cap has declined from a high of $55.90 billion in The post Circle’s USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here’s Why appeared first on CoinGape.

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