A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›
Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.
If you don’t have enough, buy ACS on the following exchanges:
Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
The global crypto market cap is $1.27 trillion with a 24-hour volume of $47.37 billion. The price of Bitcoin is $34,187.04 and BTC market dominance is 52.5%. The price of Ethereum is $1,784.77 and ETH market dominance is 16.9%. The best performing cryptoasset sector is Adult, which gained 12%.
The second-largest stablecoin’s circulating supply has plummeted below 25 billion
As per recent data analysis, USD Coin (USDC) is witnessing a significant contraction in its circulating supply. The second-largest stablecoin has dipped below the 25 billion mark, a low not seen since 2021, due to the decision by its issuer, Circle, to halt minting services for retail consumers.
While this development doesn’t impact the business or institutional accounts, it has indeed left a mark on the overall USDC supply, falling from 25.04 billion on Oct. 30 to 24.4 billion by Nov. 3.
This decrease follows an earlier setback where USDC was implicated to have exposure to the U.S. banking crisis back in March 2023.
In the meantime, Tether’s USDT has been reaping the benefits of USDC’s predicament, as it races towards an unprecedented market capitalization high of $85 billion.
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2023 CryptoSlate. All rights reserved. Disclaimers | Terms | Privacy
Please add “[email protected]“ to your email whitelist.
Stay connected via
source
Source : www.cryptoslate.com
