USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
Sponsored
Sponsored
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, and the stablecoin tether. During the last 24 hours, USDC emerged as the most dominant trading pair on dex platforms. USDC Trades Below $0.975 Accounted for More Than $26 Billion on Saturday Based on statistics, the stablecoin usd coin (USDC) recorded $26.73 billion in global
USDC is now natively supported on the XRP Ledger, enabling direct stablecoin access. Circle Mint and APIs allow seamless USDC integration across payments and DeFi on XRPL. XRPL’s low-cost, high-speed network supports real-time USDC settlements and liquidity tools. The XRP Ledger (XRPL) has become the latest blockchain to support native…
Uniswap has gained remarkable attention from crypto traders amid the recent market consolidation. On Friday, December 27, Lookonchain posted on the X platform that a crypto whale has accumulated staggering amounts of Uniswap tokens. Whale buys 100,000 UNI tokens According to Lookonchain, the whale spent $1.42 million in USDC to…