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Bearish

USDC is holding its $1 peg at ~$1.001 (+0.04% 24h), Market cap ~$72.5B, rank Number 6 — the second stablecoin after USDT.



What moved it: Circle launched Circle Match yesterday (Oct 22) — hourly batch auctions inside Circle Mint that pair USDC mint and redemption orders, so institutions earn rebates on mints while redemptions clear at or below the Express rate. Circle also scrapped the net-redemption overage surcharge in its Oct 19 Mint fee schedule, keeping standard redemptions fee-free.

Watch: the EBA/ACPR joint supervision of USDC as the EU's first significant e-money token starts Nov 12. On-chain side, perp DEX Extended moved $120M of TVL onto Circle's Arc chain on Oct 22 with native USDC as its main collateral.

#BTCDropsBelow81000
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USDCUSDC+0.04%
CRCLCRCL-3.47%


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