This USDC metric is hot off the press and here’s what it’s telling you

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Circle [USDC] announced that it was adding a series of chains to its network. In an official statement released during the Converge 2022 event, the financial technology company announced that it was onboarding five blockchains to the USDC ecosystem. Interestingly, these new chains consisted of both Layer-one (L1), and mostly Layer-two (L2) protocols. The multi-chain […]

Additionally, it would seem that it would be disastrous to write off USDC in the stablecoin battle. This is because the 24-hour active addresses on the USDC ecosystem hadt the time of press, active addresses went up to 16,100 from 13,900 on the date mentioned above.It was also an almost similar situation to the one-day circulation.

According to the analytic firm Santiment, the one-day USDC circulation was 1.47 billion. While there was a slight decrease, it was hardly a vivid one.as it seemed like investors preferred to hold the alternatives. At press time, the USDC exchange inflow was 7.82 million while the outflow was three times more at 25.24 million.Subscribe to get it daily in your inbox.

 

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