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Circle's USDC Movement on Solana Shows Market Liquidity Increase
Gate News bot message, Circle has processed 5.5 billion USDC transactions on the Solana network over the past month. This significant USDC movement through centralized exchanges indicates an inflow of fresh capital into the cryptocurrency market, particularly affecting major digital assets like ETH.
The substantial USDC activity on centralized exchanges represents a notable shift in market dynamics, as the stablecoin movement directly correlates with trading activities in the broader crypto ecosystem.