USDC 50M Transferred from Treasury to Coinbase

IconCryptoNewsTerminal Staff26 Jul, 2024

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USDC 50M Transferred from Treasury to Coinbase

Treasury moves 50 million USDC to Coinbase According to Whale Alert, a bot that tracks large cryptocurrency transactions, 50 million USDC was transferred from the USDC Treasury address to a Coinbase address at 22:41 KST on the 26th. The transaction was confirmed on the Ethereum blockchain and the funds were received by a Coinbase wallet. The reason for the transfer is unknown, but it could be related to Coinbase's recent announcement that it would be adding support for USDC. Coinbase is one of the largest cryptocurrency exchanges in the world, and its addition of USDC could help to increase the adoption of the stablecoin.

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