🏀TradFi Adoption Propels USDC Rebound

GM Defiers!

Circle published a comprehensive report examining the recent performance of its USDC stablecoin. Despite USDC's market cap falling significantly in 2023, Circle notes a 59% increase in the number of wallets holding at least 10 USDC alongside an uptick in transaction volume, attributing the data to increasing adoption from the traditional banking sector.

Ethereum hosted a record 22.7 transactions per second on Jan. 14. The milestone coincided with Ether's supply dropping to new post-merge lows amid a persistently high burn-rate.

Plus, upstart Ethereum Layer 2s Mantle and Metis both deployed testnet deployments for major forthcoming upgrades.

✍️ In today’s newsletter:

• Circle touts tradfi adoption of USDC
• Ethereum's on-chain activity soars to new highs
• Mantle launches v2 iteration on testnet
• Metis invites community to test decentralized sequencer

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