$USDC $USDC may experience a decline due to the overall volatility of the cryptocurrency market and macroeconomic factors. Recently, Bitcoin and other cryptocurrencies have sharply fallen, which could have caused mass liquidations and a decrease in liquidity. Additionally, possible distrust from investors towards centralized stablecoins or news related to Circle (the issuer of USDC) may have impacted the exchange rate.

Previously, USDC had already lost its peg to the dollar due to issues with bank reserves, so even rumors of instability can trigger temporary declines.