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348 Million USDC Moved From Coinbase Institutional to Coinbase

A transfer alert indicates 348,000,000 USDC (U.S. dollar-pegged stablecoin) worth about $348.0 million was sent between Coinbase-linked wallets.

USDC

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Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
  • Stablecoin: A cryptocurrency intended to track a stable asset, most commonly the U.S. dollar.