During Coinbase's second-quarter earnings call, CEO Brian Armstrong mentioned that Binance had moved some of its funds from USDC to another stablecoin, but despite this, the market cap of USDC has remained steady. USDC is the preferred stablecoin on Coinbase, and Binance once held a significant amount of USDC reserves, but it seems they have converted some of their holdings to other stablecoins. Binance has been redeeming USDC for USD recently, with many believing it is going towards their new stablecoin of choice, FDUSD. USDC's market cap has shrunk by nearly half in the past year, falling from $44.5 billion to $26 billion.
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Binance Moves Funds from USDC to Another Stablecoin
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The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%
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