According to a crypto trader, the second-largest stablecoin, USDC, is in major trouble. The Fed’s hawkish stance has resulted in a sell-off in the entire crypto market. However, according to Geralt Davidson, Circle’s stablecoin is rapidly losing ground. Moreover, there is a significant slide in the stablecoin’s market cap with no sign of a recovery.
The post Crypto Whales Are Dumping USDC, Here’s Why appeared first on CoinGape.
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