Since the FTX crash in October 2022, the market value of USDC has shrunk by nearly $7 billion
It is reported that the market value of USDC has shrunk by nearly US $7 billion since the FTX crash in October 2022. Glassnode data shows that before the FTX crash, the market value of Tether was about 69.95 billion US dollars, while that of USDC was 47.33 billion US dollars. Today, the market value of USDC is 40.96 billion US dollars, a decrease of about 7 billion US dollars. The current market value of USDT is about 68.48 billion US dollars, but the decline is small compared with that of USDC. In addition, the market value of BUSD fell from about US $21 billion to about US $16 billion, down more than US $5 billion. （cryptoslate）
Interpretation of this information:
The market value of USDC has decreased by about $7 billion since the FTX crash in October 2022, according to reports. Before the crash, Tether had a market value of $69.95 billion while USDC had a value of $47.33 billion. Currently, the market value of USDC stands at $40.96 billion, a significant decrease compared to that of Tether. The market value of BUSD has also declined from $21 billion to $16 billion, down more than $5 billion.
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