$110 Million USDC Transferred from Coinbase Institutional to Binance
A large-scale stablecoin transaction moved nearly $110 million USDC from Coinbase’s institutional platform to Binance, signaling notable market activity.
USDC
Summary
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Terms & Concepts
- USDC (USD Coin): A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the U.S. dollar.
- Coinbase Institutional: A division of Coinbase offering crypto trading and custody services tailored for institutional investors.
- Binance: A global cryptocurrency exchange providing trading services for a wide range of digital assets.