Blockchain data shows a single transfer of more than 300 million USDC between undisclosed wallets, drawing attention to large-scale stablecoin 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 USD.
Wallet: A digital storage solution for cryptocurrencies, which can be software-based or hardware-based.
Stablecoin: A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the U.S. dollar.