USDC

On February 22, Nansen data showed that among the current reserves of nearly $3.372 billion, the proportion of USDC rose to 55.78%, about 1.877 billion; However, the reserve of BUSD in Coin Anzhong is only 57.3263 million. Interpretation of this information: The message highlights the recent development in the cryptocurrency market where Nansen data shows that the USDC has emerged as the top choice for reserve funds among different cryptocurrencies. As per the report, the current reserves of $3.372 billion have a 55.78% share of USDC, which amounts to approximately…

According to reports, Circle, the issuer of the stable currency USDC, said that in the past few years, the stable currency operating like digital cash has grown rapidly. Since its launch in 2018, the circulation of the USDC has increased at an average annual rate of 860%. Compared with the average growth rate of legal dollar of 8% in the same period, the importance of digital currency to global business is increasingly obvious. Interpretation of this information: The message talks about the significant growth of the stable currency USDC, which…

It is reported that Paidun monitoring data shows that the address marked as Hodlnaut has transferred 100000 USDCs to the new address beginning with 0x177b6. Interpretation of this information: The message reports that there has been a transfer of 100000 USDCs from an address that is identified as Hodlnaut to a new address whose character code starts with 0x177b6. The information is based on monitoring data gathered and reported by Paidun. There isn’t much context to the message, which makes it difficult to say much about what the transfer indicates…

It is reported that, according to official data, from February 9 to February 16, Circle issued a total of US $9.7 billion of USDCs and redeemed US $9.6 billion of USDCs, with an increase of about US $100 million in circulation. As of February 16, the total circulation of USDC was $41.6 billion, and the reserves were $41.7 billion, including $9.9 billion in cash and $31.8 billion in short-term US treasury bond bonds. Interpretation of this information: The message reports official data about the circulation and redemption of USDC (USD…

According to reports, Whale Alert data showed that at 05:16 on February 15, 2023, the USDC Treasury destroyed 220000000 USDCs. Interpretation of this information: The message relays news about the destruction of a significant amount of USDC by the USDC Treasury. Whale Alert data indicates that as of February 15, 2023, at exactly 05:16, the USDC Treasury destroyed 220,000,000 units of USDC. USDC or the USD Coin is a popular cryptocurrency pegged to the value of the US dollar, allowing for greater stability in the volatile world of cryptocurrency. This…

On February 15, according to Lookonchain monitoring, the address marked by Etherscan as Sun Yuchen extracted 80 million USDCs from the Circle address. Interpretation of this information: On February 15th, it was announced that Sun Yuchen extracted about 80 million USDCs from Circle address according to Lookonchain monitoring. The movement of funds from one wallet to another wallet is not new in the cryptocurrency world. However, there are certain things that can be read from this extraction. Firstly, Sun Yuchen is a prominent figure in the cryptocurrency world. He is…

On February 15, according to PeckShield monitoring, Vitalik Buterin traded about 210 Ethereum to about 324400 USDCs and transferred them to Kraken. Interpretation of this information: The message states that on February 15, Vitalik Buterin, the co-founder of Ethereum, traded 210 Ethereum for 324,400 USDC and then transferred the funds to Kraken. PeckShield, a blockchain security company, reportedly monitored this transaction. This news has generated interest and speculation among the cryptocurrency community, as many are wondering why Buterin liquidated such a large amount of Ethereum and what his intentions are…

According to the report, according to Whale Alert, at 5:16 on February 15, 2023 Beijing time, the USDC Treasury destroyed 220 million USDCs. At 6:14, the USDC Treasury destroyed another 100 million USDCs. Interpretation of this information: The message states that the USDC (a stablecoin pegged to the US dollar) Treasury has destroyed a total of 320 million USDC tokens on February 15th, 2023. This information was reported by Whale Alert, a Twitter account that tracks large cryptocurrency transactions. The first destruction occurred at 5:16 Beijing time, where 220 million…

On February 14, according to the data of The TIE and CoinGecko, the total market value of stable currency is about 138.5 billion US dollars, Tether’s market share is 49.39%, USDC is 29.76%, and BUSD is 11.63%. Interpretation of this information: The message states that on February 14, the total market value of stable currency was around 138.5 billion US dollars. Stable currency is a type of cryptocurrency whose value is pegged to one or more forms of fiat currency. This makes it more stable and less volatile than other…

It is reported that the market value of USDC has shrunk by nearly US $7 billion since the FTX crash in October 2022. Glassnode data shows that before the FTX crash, the market value of Tether was about 69.95 billion US dollars, while that of USDC was 47.33 billion US dollars. Today, the market value of USDC is 40.96 billion US dollars, a decrease of about 7 billion US dollars. The current market value of USDT is about 68.48 billion US dollars, but the decline is small compared with that…

According to the report, the data shows that the total market value of the US dollar stable currency is US $138.5 billion at present, with USDT accounting for 49.39%, USDC accounting for 29.76% and BUSD accounting for 11.63%. The proportion of USDT has reached a new high in nearly 14 months. Interpretation of this information: This message is about the current state of the US dollar stable currency market. The report states that at present, the total market value of the US dollar stable currency is US $138.5 billion. A…

On February 13, according to the Lookonchain monitoring data, in the past 24 hours, 0xd27 encryption giant whales deposited 60850 ETHs (about US $90.4 million) and 22883 STETHs (about US $33.9 million) into Aave, and borrowed 89 million USDCs to transfer to Circle for cash. Interpretation of this information: The message highlights a significant movement in the cryptocurrency market on February 13. Lookonchain, a monitoring data provider, reported that the whales of the 0xd27 encryption giant, an entity known for holding a large amount of digital assets, deposited 60850 ETH…