The 2022 of USD Coin, the USDC stablecoin, has been an eventful year.
While the price has practically always held the peg with the dollar, its market capitalization, on the other hand, has undergone several ups and downs.
The rises and falls of the USD Coin
At the end of 2021, USD Coin capitalized just over $40 billion.
2021 was a hugely successful year for USDC, as it started with a capitalization of just under $4 billion, and then over the course of the year, it increased it by more than tenfold.
That run came to a halt in March of this year, when USD Coin’s market capitalization reached $53.5 billion. However, this was not the absolute peak.
In fact, after a retracement of sorts that brought it back down to $48 billion in early May, when the UST algorithmic stablecoin of the Terra ecosystem subsequently imploded and USDT was assailed by doubts about the resilience of Tether, USD Coin returned to growth, peaking at $56 billion in late June.
It may be no coincidence tha
We współpracy z: https://en.cryptonomist.ch/2022/12/29/usd-coin-back-rise/
