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Bitcoinist
2023-03-30 19:00:51

USDC Outflow Surpasses $10 Billion, Are Investors Losing Interest In The Stablecoin?

USDC Outflow Surpasses $10 Billion, Are Investors Losing Interest In The Stablecoin?

Since the Silicon Valley Bank (SVB) fallout negatively impacted Circle’s USD coin (USDC), the stablecoin has recorded significant outflows. This massive withdrawal from USDC indicates investors have started ditching the stablecoin for other assets. According to data from the crypto market-based data aggregator Coinmarketcap, USDC’s total market capitalization has plummeted by more than 5% within

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