Market Wrap: Finger-Pointing and Job Cuts as Bitcoin Slides Back Toward $20K
— Government bonds, Stablecoin, Denominated cash, Fingerpointing, 55 billion, Bitcoin, Job, Conservative, Ties, Short — 1 min read
USDC is the second-largest stablecoin after Tether's USDT, with a circulating supply of $55 billion. USDC has taken market share from USDT since the implosion of the Terra blockchain. It's reportedly more conservative in the selection of reserves, holding only U.S. dollar-denominated cash and short-term US government bonds. It has reportedly forged closer ties with traditional banks and reportedly being more conservative with its reserves. It is the only stablecoin to hold reserves of $1 billion, according to USDC's founder and CEO Mark O'Neill. For confidential support call the Samaritans on 08457 909090 or visit a local Samaritans branch, see www.samaritans.org for details Source