DEX platforms generated a massive amount of volume from USDC trades.
The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges.
Uniswap, for one, reached its highest daily volume ever of $11.84 billion on March 11th. But it isn’t the only decentralized protocol that saw traction.The development comes in the backdrop of Circle’s USDC de-pegging event that occurred over the weekend after theSeveral centralized crypto exchanges, including Binance, Coinbase, Crypto.com, and Bitpay, halted payments and auto conversions in the stablecoin.
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