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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
https://bitcoinmag.eu/usdcs-struggles-is-due-to-us-crackdown-says-circles-jeremy-allaire/Key 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 https://bitcoinmag.eu/usdcs-struggles-is-due-to-us-crackdown-says-circles-jeremy-allaire/ 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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