Is USDC In Trouble As Whales Dump, Crypto Trader Explains

According to a crypto trader, the second-largest stablecoin, USDC, is in major trouble. The Fed’s hawkish stance has resulted in a sell-off in the entire crypto market. However, according to Geralt Davidson, Circle’s stablecoin is rapidly losing ground. Moreover, there is a significant slide in the stablecoin’s market cap with no sign of a recovery.