Digital Currency
Add as a preferred source on GoogleThe figure measures activity on Fireblocks, which provides custody and transfer services to institutional customers.
A Nov. 6 @USDC post put USD Coin (USDC) at 53% of stablecoin volume recorded on Fireblocks, giving a platform-specific measure of the token’s use.
That percentage describes activity on Fireblocks.
Fireblocks provides custody and transfer services to institutional customers and reposted the @USDC announcement. USDC is Circle’s dollar-pegged stablecoin.
Shares closed 8.72% lower at $69.48 on Nov. 5. Investing.com and MarketBeat reported Compass Point upgraded Circle to Buy with a $99 target; the quarter included $182 million in ARC token presale revenue as reserve income fell 8%.
The planned transfers would not require users to hold SUI for network costs; potential reach is estimated at about 82 million compatible devices.
The transfer involved 159,782,552 tokens, and no reason was reported for the move.
