3 reasons why USDC stablecoin dropping below $50B market cap is Tether’s gain

USDC versus USDT weekly market cap chart. Source: TradingView

Binance’s USDC suspension

Whales ditch USDC after Terra fiasco

USDC supply held by top 1% addresses. Source: Glassnode
All stablecoins’ circulating supply. Source: CryptQuant

Tornado Cash sanctions

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