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Circle’s USDC dominance could be a bad thing for the crypto market, says crypto analytics platform Alphractal

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Summary
Nutrition label

56% Informative

Circle 's native USDC stablecoin has been expanding its market footprint with major minting happening on the Solana blockchain this month .

This activity has contributed to a 73% jump in Solana 's stablecoin supply since mid-January .

The global stablecoin market cap surged by 73% to an all-time high of $211 billion as of January 31 .

USDC 's dominance has reached a key resistance level, the same as in 2021 .

VR Score

35

Informative language

25

Neutral language

15

Article tone

formal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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