Following Binance's footsteps, the India-based cryptocurrency exchange alsoBinance: No plans to auto-convert Tether, though that ‘may change’The USDC supply help by top 1% addresses has dropped to 88.36% in September from its year-to-date high of 93.84% in February, according to data collected by Glassnode.
"People now have realized there is more risk holding USDC, Circle blacklisted all the USDC on Tornado Cash addresses sanctioned by US Treasury," he
They've been loosing support left and right from institutions to exchanges. $USDC was completely sketchy from the start and now people have seen it too. They have to give us their audits for them to be able to save themselves.
Black listing addresses for any reason is just plain wrong for a “decentralized” stablecoin. $USDC made a huge error doing so and is now paying the price.
hi
Bullish 🔥
And it keeps losing it because Tether has actual backing
You cannot lose something that you don't have 🤣
That was so about to happen I mean I have no clue about USDC backing at all.
Well, just as expected. It's not surprising after all the bad news that was connected to USDC lately.
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