USDC Market Cap Plummets: Regulatory Crackdown Blamed

• Circle CEO Jeremy Allaire attributes the drastic drop in USDC’s market capitalization to the United States regulators’ intensified scrutiny of cryptocurrencies. • The U.S. banking crisis in March caused USDC to depeg from the U.S. dollar, leading to a plummeting market cap of $30.7 billion. • Coinbase has cautioned