Coinbase to store more of its $220 million USDC holdings on Base
As of press time, the exchange only holds 17% of its USDC on Base.

Insights into USDC adoption, stablecoin regulation, and integration across global financial systems.
Circle's latest regulatory stride in France marks a step towards compliance with EU's MiCA regime.
According to S&P Global, USDC emerges as a leading stablecoin owing to low-risk asset backing, while USDT's insufficient reserve details gave analysts pause.
Circle said it does not finance illicit actors like Hamas, directly or indirectly, and highlighted its compliance with the necessary financial laws.
USDC's market dominance has recently reached its lowest level since 2021.
Many expect this dominance to continue as major payment companies, like Visa and PayPal, embrace stablecoins as web3 onramps.
Tether's USDT appears to benefit from the decline with it its supply approaching 85 billion.