be[IN]crypto - Investors Dump $1.6B in USDC for USDT Amid Regulatory Clampdown

https://beincrypto.com/investors-dump-1-6bn-usdc-usdt-regulatory-clampdown/

As a result of U.S. regulatory pressure on virtual currency companies, investors have moved about $1.6 billion from USDC stablecoin to rival USDT over the past month.

According to CoinMarketCap, in the five days since Circle blacklisted the wallet addresses associated with Tornado Cash, the USDT stablecoin's market cap has ballooned to nearly $1 billion.

Approximately $75,000 USDC associated with the cryptomixer's Tornado Cash was frozen by Circle, the issuer of USDC, with U.S. government approval on money laundering charges.

Are you a USDC holder too? Be aware of this new regulation!!