Again to Sq. One? Circle’s USDC Market Cap Drops Beneath $50B for First Time Since Terra’s Collapse

“BUSD has seldom been utilized in DeFi and isn’t close to the highest 10 swimming pools of Curve, Uniswap, Aave and so forth. USDC utilization, nevertheless, stays sturdy. 4 of the highest 5 Uniswap swimming pools include USDC,” Teander mentioned. “Over the past seven days, USDC swimming pools, in contrast, have accounted for over 50% of the swaps, 77% of the amount, and 63% of the charges generated of the highest Uniswap V3 swimming pools.”