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Circle Sets Record for Largest USDC Cast in Seven Days

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On March 13, Nansen said on Twitter that at 9:43 Beijing time, Circle cast about 407.8 million USDCs, which is the largest USDC cast in the past seven days. The

Circle Sets Record for Largest USDC Cast in Seven Days

On March 13, Nansen said on Twitter that at 9:43 Beijing time, Circle cast about 407.8 million USDCs, which is the largest USDC cast in the past seven days. The hourly net change in the issuance of USDC is+463.8 million dollars.

Circle cast about 400 million USDCs at 9:43 Beijing time

Analysis based on this information:


Circle, a leading cryptocurrency finance company, set a new record on March 13 for the largest USDC cast in the past seven days. A tweet from Nansen, a crypto data analytics provider, revealed that Circle cast about 407.8 million USDCs at 9:43 Beijing time. This new record highlights the growing popularity of stablecoins, particularly USD Coin (USDC), which has seen a significant increase in demand over the past year.

USDC is a stablecoin that is pegged to the U.S. dollar, with each USDC token representing one dollar. This makes it an attractive option for traders who want to avoid the volatility of other cryptocurrencies but still want to have exposure to the crypto market. USDC is also popular among investors who want to move funds quickly and easily across different exchanges.

The tweet also revealed that the hourly net change in the issuance of USDC was +463.8 million dollars. This indicates that not only is Circle casting more USDCs, but the demand is also increasing. The net change in USDC issuance shows that there is a significant amount of capital flowing into the USDC market, indicating that the crypto market is still growing and expanding.

The increasing popularity of stablecoins, particularly USDC, has been driven by several factors. One of the main drivers is the increasing number of crypto exchanges that support USDC. This has made it easier for traders to move funds between exchanges without having to convert to fiat currencies, which can be costly and time-consuming.

Another factor driving the increased demand for USDC is the growing interest in decentralized finance (DeFi) applications. Many DeFi platforms use USDC as their stablecoin of choice, which has led to an increase in demand for USDC tokens. This trend is expected to continue as more DeFi platforms emerge and gain popularity.

In conclusion, Circle’s record for the largest USDC cast in the past seven days is a significant milestone for the stablecoin market. The growing popularity of USDC and other stablecoins indicates that traders and investors are looking for a safer way to invest in the crypto market. The hourly net change in the issuance of USDC shows that the demand for stablecoins is increasing, which bodes well for the future of the crypto market.

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