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USDC-USD Trading Pair Hits Record High

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It is reported that according to Kaiko\’s research data, the trading volume of USDC-USD trading pair hit a record high of US $600 million on March 11, with Krake

USDC-USD Trading Pair Hits Record High

It is reported that according to Kaiko’s research data, the trading volume of USDC-USD trading pair hit a record high of US $600 million on March 11, with Kraken as the main trading partner. In addition, Aave and Compound received more than US $2 billion in repayment on March 11, most of which were USDC.

Kaiko: The market depth of Coinbase in March halved, and the currency security fell by 13%

Analysis based on this information:


The USDC-USD trading pair has experienced a surge in trading volume in recent times, with a record high of $600 million reported on March 11th. The findings, as assessed by Kaiko’s research data, suggests that the demand for the USDC stablecoin is on the rise, fuelled by the need for a more stable and reliable digital asset.

Kraken is noted as the primary trading partner for the USDC-USD trading pair during the surge, which could be attributed to its reputation and reliability as a cryptocurrency exchange. Kraken is widely recognized among traders as a reputable platform, which furthermore serves as a confidence booster for users who seek security and safety with their trades. Its partnership with USDC also adds a layer of value since the stablecoin is backed by the US dollar, making it less volatile compared to other cryptocurrencies.

Moreover, the data shows that Aave and Compound received over $2 billion in repayment on March 11th, with USDC serving as the most popular currency for the reimbursements. This data could indicate that investors and traders are choosing to payback loans by using stablecoins, like USDC, as a more reliable source of payment.

USDC’s popularity is partly attributed to its stability, with the stablecoin being pegged to the U.S. Dollar, which variations between $0.99 and $1.01. As a result, this makes it lesser prone to the wild price swings associated with Bitcoin and other cryptocurrencies. Furthermore, the fixed values offer traders more clarity and accuracy when working with profit margins.

In Conclusion, the report indicates that USDC has gained significance among traders and investors, particularly during the recent economic crisis, where cryptocurrency prices have taken a more volatile turn. The data presented also shows that Kraken has cemented its position as a reliable and trusted trading partner to its users. USDC’s stability and its partnership with reputable exchanges provide a level of reassurance for traders looking to manage their investments.

In summary, the data suggests USDC and Kraken’s reputation as a trusted trading partner is likely to garner more interest from traders who seek stable opportunities for their investments.

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