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200 Million USDC Moved From USDC Treasury to Coinbase

A blockchain transfer alert shows 200,000,000 USDC, valued at about $199.98 million, sent from USDC Treasury to Coinbase.

Summary

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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.
  • Treasury wallet: A blockchain wallet controlled by an issuing entity for minting, holding, or distributing tokens.