USDC records second-largest trading volume ever amid crypto market decline

Blockchain research agency IntoTheBlock notes that USDC captured the UST market in time and came close to USDT and then reached its highest trading volume ever.

Cryptocurrency analytics platform IntoTheBlock posted a message on Twitter stating that the USDC stabelcoin recorded the second highest trading volume during the global cryptocurrency market decline.

“Stablecoin activity is on the rise. Yesterday, USDC recorded its second highest volume ever. When BTC and ETH fell to $20,800 and $1,075, USDC’s total online transaction volume reached $38.72 billion.”

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