Exclusive Content:

USDC volume at whale addresses drops to two-year low

The share of deposits held by the top 1% of USDC addresses hit a 22-month low of 88.667%. This was noticed by Glassnode analysts.

The capitalization of the central consortium’s stablecoin is falling for the second month – from a maximum of $56 billion at the beginning of July to $52.2 billion (CoinGecko). The market supply of rival USDT from Tether fell from $83.2 billion in mid-May to $67.6 billion amid the market crash.

However, the latter’s capitalization has increased by nearly $2 billion since Aug. Today, Circle blacklisted the USDC wallet addresses of its mixing service Tornado Cash after its launch. OFAC sanctions. One of the stablecoin operators blocked the movement of at least 75,000 USDC.

On-chain data also shows that amid USDC sales, FX deposits (softened by the seven-day moving average) hit a 17-month low of 138,250, up from 138,810 on March 23, 2021.

Stablecoin inflows to exchanges fell to an 11-month low – $11,130,584.

At the same time, the average volume of stablecoin transactions reached a record $228,721 over the past three years.

Recall that the steady growth of USDC capitalization in the first half of the year allowed Arcane Research analysts to predict that in October the coin will surpass the leading USDT.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.

Source: Fork Log

Latest

Newsletter

Don't miss

Video | Arkansas shooting: at least two killed, eight injured

At least two people were killed and eight were injuredincluding a police officer, shooting in the supermarket Arkansas this Friday, local police said.The shooting...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

pron india eroteenies.info sex mumbai video lupusregina beta hentai hentaifile.com cumflation hentai kolkata local sexy video brostube.info desipapacom rostom padilla teleseryeepisodes.com jared bahay isai mini.com dunato.mobi tamil sex lady hentai isekai hentaiup.net hentai massive tits سكس موظف forzaarab.com افلام سكس نيك في الطيز owl hentai hentaihq.org henita manga marvadi sexi hairyporntrends.com malayalam hidden cam sex pron indian cowporn.info xvedios indian favorite seneka sex photos tubeshere.info odia six vido سكس ياباني محارم pornolodim.net نيك زوجة مصرية www xxxindin verpornos.org xxxxnxx india wap sextoyporntrends.com school fucking videos 3x blue film hindi xxxvideohd.net sex mms vedio