$100 Million USDC Transfer from Treasury to Coinbase Reported
A large-scale stablecoin movement sees 100 million USDC sent from the USDC Treasury to the crypto exchange Coinbase, indicating significant liquidity 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 dollar.
Stablecoin: A cryptocurrency pegged to a stable asset, such as fiat currency, to minimize price volatility.
Coinbase: A major U.S.-based cryptocurrency exchange offering digital asset trading and custodial services.