$USDC , or $USDT Coin, is a regulated stablecoin pegged 1:1 to the US dollar, widely used for stable trading, DeFi, and hedging. On Binance, it trades around $0.99981, with a market cap exceeding $65 billion and daily volume over $12 billion, reflecting its key role in crypto liquidity.
This week, Binance announced a brief halt (~2 hours) on $USDC withdrawals across certain networks to facilitate system updates and maintain operational integrity.
Meanwhile, whale activity involving $USDC has intensified: a major investor recently injected $8.6 million $USDC into Hyperliquid to defend an Ethereum short, after already depositing $9.5 million earlier. This highlights how institutional players actively use $USDC in high-stakes strategies.
Key Takeaways:
1. Stable & Liquid: $USDC remains a reliable anchor in crypto markets.
2. Security First: Binance’s temporary withdrawal pauses signal proactive infrastructure management.
3. Institutional Dynamics: Significant $USDC deployments by whales underline its importance in advanced trading and risk management strategies