🌐 USDC is making waves in the crypto world! Amid global economic tensions, USDC has shown resilience, briefly dipping below its dollar peg but quickly bouncing back. Circle's IPO filing reveals Coinbase gets half of USDC reserve revenue, with backing from JPMorgan and Citibank. This move highlights growing institutional trust in stablecoins, even as trade disputes shake traditional markets.
- Binance reports record stablecoin deposits, with USDC crucial in derivative trading.
- Technical analysis shows USDC's narrow trading range and strong support at 0.9999.
What are your thoughts on USDC's role in today's market? Share in the comments!