Over $164 Million in USDC Transferred from Treasury to Coinbase Institutional
Blockchain data shows a major stablecoin movement from USDC Treasury to Coinbase’s institutional platform, indicating potential large-scale trading or custody 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.
Stablecoin: A cryptocurrency designed to maintain a stable value by pegging to a reserve asset such as fiat currency.
Coinbase Institutional: Coinbase’s platform providing cryptocurrency trading, custody, and services for large-scale and professional investors.