{"id":18983,"date":"2023-03-11T14:39:33","date_gmt":"2023-03-11T14:39:33","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/03\/11\/circles-usdc-redemptions-reaches-2-5b-exchange-inflow-7b\/"},"modified":"2023-03-11T14:39:34","modified_gmt":"2023-03-11T14:39:34","slug":"circles-usdc-redemptions-reaches-2-5b-exchange-inflow-7b","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/03\/11\/circles-usdc-redemptions-reaches-2-5b-exchange-inflow-7b\/","title":{"rendered":"Circle&#8217;s USDC Redemptions Reaches $2.5B, Exchange Inflow $7B"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div data-sokoban-feature=\"bvRFlf\">\n<figure id=\"attachment_141920\" aria-describedby=\"caption-attachment-141920\" style=\"width: 746px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-141920\" alt=\"USDC Redemptions\" width=\"746\" height=\"589\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/03\/11193058\/Fq7orlsaMAApPL.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-141920\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/03\/11193058\/Fq7orlsaMAApPL.jpg\" alt=\"USDC Redemptions\" width=\"746\" height=\"589\"\/><\/noscript><figcaption id=\"caption-attachment-141920\" class=\"wp-caption-text dfdfdf1\">USDC Redemptions. Source: CryptoQuant<\/figcaption><\/figure>\n<p id=\"eob_1\" data-ved=\"2ahUKEwj43Le6_tP9AhVw-3MBHZSZC_cQ2Z0BegQICRAA\">Moreover, <span class=\"css-901oao css-16my406 css-1hf3ou5 r-poiln3 r-bcqeeo r-qvutc0\"><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Ki Young Ju believes the <span class=\"r-18u37iz\">USDC<\/span> state of affairs is totally totally different from the <span class=\"r-18u37iz\">TerraUSD (UST)<\/span> collapse. The Luna Foundation Guard despatched billions in BTC to crypto exchanges for issuing Terra (LUNA) to keep up the peg, risking its crash by market makers.<\/span><\/span><\/p>\n<p data-ved=\"2ahUKEwj43Le6_tP9AhVw-3MBHZSZC_cQ2Z0BegQICRAA\"><strong>Also Read: <a href=\"https:\/\/coingape.com\/binance-switches-to-multiple-stablecoins-discontinues-auto-conversion-policy\" target=\"_blank\" rel=\"noopener\">Binance Switches To Multiple Stablecoins, Discontinues Auto-Conversion Policy<\/a><\/strong><\/p>\n<p data-ved=\"2ahUKEwj43Le6_tP9AhVw-3MBHZSZC_cQ2Z0BegQICRAA\">USDC is the one regulated stablecoin backed by money reserves backed by conventional monetary establishments on public blockchains. Circle\u2019s failure will hamper the plans to launch international monetary companies on public blockchains by U.S. monetary establishments.<\/p>\n<p data-ved=\"2ahUKEwj43Le6_tP9AhVw-3MBHZSZC_cQ2Z0BegQICRAA\">On-chain information additionally reveals that alternate influx has reached over $7 billion in two days. Meanwhile, alternate outflow has additionally reached almost $6 billion in two days. The <a href=\"https:\/\/coingape.com\/crypto-news-stablecoins-in-trouble-usdc-dai-usdd-depeg-as-svb-crisis-deepens\/\" target=\"_blank\" rel=\"noopener\">USDC remains depegged<\/a> at $0.91.<\/p>\n<figure id=\"attachment_141924\" aria-describedby=\"caption-attachment-141924\" style=\"width: 738px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-141924\" alt=\"USD Coin Exchange Inflow (Total)\" width=\"738\" height=\"465\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/03\/11193434\/USD-Coin-Exchange-Inflow-Total-All-Exchanges.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-141924\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/03\/11193434\/USD-Coin-Exchange-Inflow-Total-All-Exchanges.png\" alt=\"USD Coin Exchange Inflow (Total)\" width=\"738\" height=\"465\"\/><\/noscript><figcaption id=\"caption-attachment-141924\" class=\"wp-caption-text dfdfdf1\">USD Coin Exchange Inflow (Total). Source: CryptoQuant<\/figcaption><\/figure>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/circles-usdc-redemptions-reaches-2-5-billion-in-24hrs-exchange-inflow-7b\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] USDC Redemptions. Source: CryptoQuant Moreover, Ki Young Ju believes the USDC state of affairs is totally totally different from the TerraUSD (UST) collapse. The Luna Foundation Guard despatched billions in BTC to crypto exchanges for issuing Terra (LUNA) to keep up the peg, risking its crash by market makers. Also Read: Binance Switches To [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[6296,3542,541,1739,1714,1445,1607],"class_list":["post-18983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-25b","tag-circles","tag-exchange","tag-inflow","tag-reaches","tag-redemptions","tag-usdc","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=18983"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18983\/revisions"}],"predecessor-version":[{"id":18984,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18983\/revisions\/18984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/18985"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=18983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=18983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tag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