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Over $403 Million in USDC Transferred Between Unknown Wallets

A large transaction involving more than 403 million USDC stablecoins moved between unidentified crypto wallets, according to on-chain transfer data.

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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.
  • On-chain transaction: A blockchain-recorded transfer of digital assets that provides transparent and verifiable movement of funds.
  • Wallet: A digital storage application or address used to send, receive, and hold cryptocurrencies.