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USDC Liquidity on Uniswap Has Just Reached a 2-Year Low

Published 2022-12-20, 03:15 a/m
© Reuters. USDC Liquidity on Uniswap Has Just Reached a 2-Year Low

  • The three biggest stablecoins have been able to maintain their peg to the US Dollar.

  • USDC liquidity on Uniswap has just reached a 2-year low.

  • BUSD and BNB are holding their own in the midst of the Binance FUD.

Despite the latest turmoil in the crypto markets, the three biggest stablecoins have been able to maintain their peg to the US Dollar, according to the crypto market tracking website, CoinMarketCap. At press time, Tether (USDT), USD Coin (USDC) and Binance USD (BUSD) are all in a one-to-one relationship with the US Dollar.

The biggest stablecoin by market cap, USDT, is ranked as the third biggest crypto project in terms of market cap, right behind Ethereum (ETH) and Bitcoin (BTC). At press time, the market cap of USDT stands at $66,221,780,391.

Meanwhile, at number 4 on CoinMarketCap’s list of the biggest crypto projects by market cap, USD Coin (USDC) has a market cap of $44,581,521,641. The blockchain analysis firm, Glassnode Alerts (@glassnodealerts), posted a tweet this morning sharing that the liquidity of USDC on Uniswap has just reached a 2-year low of $96,207,035.53.

The post USDC Liquidity on Uniswap Has Just Reached a 2-Year Low appeared first on Coin Edition.

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