USDC Deposits Hit One-Year High on Crypto Exchanges as Investors Buy the Dip

Stablecoins have seen substantial growth in the cryptocurrency market this year. USDT continues to dominate, but USDC, backed by Circle, is also gaining traction. Recent large-scale USDC deposits to centralized exchanges may indicate investment strategies during market dips. USDC deposits to centralized crypto exchanges spike, hinting at strategic investments in the crypto market amid price