A further Batch of the Bitcoin-exchange-Coinbase-based USD Coin has just been minted. USDC worth of 1.5 million dollars are soon to come on the market.
USD Coin (USDC), a Coinbase and Circle gebackter Stablecoin, has increased its emissions in the course of enlargement of its reserves quickly, and his visibility in recent months has significantly increased.
Whale Alert (@whale_alert) reported that a further 1,500,000 USDC ($1.5 million) were influenced by the USDC’s Treasury.
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The new Batch USDC follows an increase in activity for the Open-Source Stablecoin. The USDC’s Treasury has marked last week, an additional 2.8 million $ to USDC.
At the beginning of the month around 19 million dollars USDC from the state were transferred to the Fund in an unknown Wallet. The total fee for the multi-million dollar Transfer was only $ 0.08 in the network of Ethereum.
The increase in the USDC-emissions could indicate that the Stablecoin is trying to, in preparation for 2020, to position themselves better to Tether (USDT). USD Coin is currently the second largest Stablecoin in the entire crypto currency market. Their current supply was increased this year by 50 percent.
Earn interest with USDC
USDC has also advertised with the ability to earn interest. At the beginning of October, the project is announced, you could earn a 1.25 percent annual interest, by USDC in the Coinbase Wallet.
USDC-Central, however, are not guaranteed by the FDIC, and can therefore not be regarded as a traditional savings account. Coinbase has promised that you will not use the paid-USDC-funds in any way.
Currently, USD Coin has a market capitalization of 468 million $, with a current daily volume of approximately 258 million $. While this is impressive for a Stablecoin, but he needs to catch up still strong, if he wants to one day conquer the top position of the Tether in the market.
The leading Stablecoin has at the present time, a market capitalization of 4.1 billion $ and a daily Trading volume of 19.8 billion$.