USDC DETHRONT Usdt as the most liquid stable coin on centralized stock exchanges: data

USDC DETHRONT Usdt as the most liquid stable coin on centralized stock exchanges: data

An analysis of the crypto market data provider Kaiko showed that USD Coin (USDC) is currently the most liquid stable coin on centralized stock exchanges (CEXS), with around $ 38 million preventing the value of the assets of 0.1 %.

The liquidity of USDC follows that of Tether (USDT), Binance USD (Busd), True USD (TUSD) and DAI (DAI). The data compiled by Kaiko for all markets, the USDC use as basic assets.

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The latest development is important for USDC, since USDT always had the front. At the beginning of the year, USDC and DAI on CEXs were used very little. According to Kaiko, they were mostly traded within the decentralized financial ecosystem (Defi).

Towards the end of the first quarter of 2023, a possible US banking crisis led to USDC lost its dollar parity and fell by 13 % to a level below $ 0.88. According to the data from CoinmarketCap, the stable coin has stabilized and then strives to remain in the price range of $ 1.

Coinbase increases USDC rewards to 4 %

The dominance of USDC to the CEXs can be attributed to the fact that the CryptoD tours Coinbase has increased the rewards with the asset to 4 %. The trading platform announced announced in a tweet of June 15 that it increases its incentive for USDC holder from 2 % to 4 %, a step that aims to attract more users and strengthen its position on the market.

, the second liquidest stable coin on centralized stock exchanges with around $ 26 million, and was traded under the price range of $ 1 during the week. According to the data from Coinmarketcap, the asset was worth $ 0.99 due to the current curve-aave-aave-loan.

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