Binance sold USDC for another stablecoin — Coinbase CEO By Cointelegraph

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Coinbase (NASDAQ:) CEO Brian Armstrong’s comments to a question about the (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows.

While commenting on the market cap of USDC, Armstrong quipped that Binance moved some of its funds from USDC into another stablecoin, but despite that, the market cap of USDC has held up.