Is USDC the next Stablecoin to crack under the weight of regulatory pressure?

USDC almost falls victim to the same FUD (fear, uncertainty, and doubt) that recently affected BUSD. We saw an initial surge in USDC volume on the Binance smart chain from around 12 February. Stablecoins found themselves in the crosshairs of the latest regulatory FUD. BUSD was the most affected stablecoin in that regard and others […]

We saw an initial surge in USDC volume on the Binance smart chain from around 12 February.

Stablecoins found themselves in the crosshairs of the latest regulatory FUD. BUSD was the most affected stablecoin in that regard and others have managed to stay unaffected. From the looks of things,The recent regulatory pressure forced many crypto companies to re-evaluate their strategies in the U.S. and among them is Binance, rumored to be terminating its relationships with United States-based companies including Circle, the company that issues USDC.

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