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USDC’s struggles is due to US crackdown, says Circle’s Jeremy Allaire

USDC's struggles is due to US crackdown, says Circle's Jeremy Allaire takeaways Circle's CEO Jeremy Allaire has blamed the banking crisis in the United States for USDC's recent struggles. USDC has lost roughly $13 billion of its value in recent months. Allaire says investors are de-risking outside of the US, and this is affecting USDC. Allaire blames US crackdown for recent struggles Jeremy Allaire, the […]The post appeared first on Bitcoinmag.
Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain.
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