[ccpw id="5"]

[ccpw id="5"]

HomeCryptoIs USDC the next stablecoin to break under the weight of regulatory...

Is USDC the next stablecoin to break under the weight of regulatory pressure? money moguls


  • USDC is the victim of much of the same FUD (Fear, Uncertainty, and Doubt) that plagued BUSD recently.
  • We saw an initial spike in USDC volume on Binance Smart Chain around February 12.

Stablecoins are in the crosshairs of the latest regulatory FUD. BUSD was the hardest hit stablecoin in that regard and others managed to stay unaffected. from the point of view of things USDC The next victim is just around the corner and the worst is not over yet.

Recent regulatory pressure has forced many cryptocurrency companies to reevaluate their strategies in the US and among them is Binance, which is rumored to end its ties with US-based companies, including the issuing company from USDC, Circle.

When the rumors have been dispelledOne can easily imagine how such an outcome would have prevented USDC from reaching large volumes in the US market.

But has the danger really passed? From a regulatory perspective, Circle, the company behind USDC, is regulated and audited in the United States. This means that USDC itself is less at risk of being sidelined due to regulatory pressure.

Calculation of USDC volume under current conditions

It may be interesting to see how current market conditions have affected USDC demand and volume thus far. We saw an initial spike in USDC volume on Binance Smart Chain around February 12 before peaking on February 16.

Source: Feeling

One of the possible reasons for this is the increase in demand from the crypto market in general, hence the increase in demand for stablecoins as trading volumes increase.

However, USDC volume on BSC fell significantly on Friday and Saturday (Feb 17-18). The main reason for this is likely fud binance who affected Bus before falling to the USDC for the most part.

A similarity is seen with USDC volume on the Ethereum network, whose volume also peaked on February 16 before plunging in the past two days.

This confirms that traders are abandoning USDC in favor of other stablecoins despite FUD attempts, not an isolated scenario.

usdc volume in ethereum

Source: Feeling

The above result shows that Binance FUD had no effect on USDC volume or demand. Instead, volumes were largely driven by prevailing market conditions. Additionally, the USDC market capitalization has seen a reversal in recent days.

usdc market cap

Source: Glassnode

That being said, the USDC was in an overall downtrend prior to the recent pivot on February 13. This reflects well on his health despite the growing concerns.


Please enter your comment!
Please enter your name here


Prime Minister Modi will fly the flag of the new Vande Bharat! Tea gardens will be seen in a comfortable journey, new train...

reflexesNew Vande Bharat will run between Guwahati and Jalpaiguri.This will be the country's 11th Vande Bharat couple.It will run at a speed of 110 kilometers...

In which sector will the salary increase the most this year, where is the road to work open? It’s all in this report! ...

reflexesThe average salary in India is expected to rise 10.2 percent in 2023.In the year 2023, the highest salary increase of 12.5 percent is estimated...

Apple wanting to finish work from home, orders employees to come to the office 3 days a week, those who do not come will...

reflexesSince last year, the company has been emphasizing calling employees into the office.Now it is mandatory to come to the office and work for 3...

Delhi Mumbai Expressway: ‘Someone’ is obstructing work, NHAI can’t do anything, it will take longer to complete money moguls

reflexesRs 11,120 crore will be spent on the construction of the expressway in Madhya Pradesh. Construction work will not be completed in the state on...

Most Popular