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USDC adoption grows with institutional expansion

Bullish-0.01%

AI Summary

The author presents a bullish view on crypto adoption, highlighting that holder counts for ETH, XRP, USDC, and LINK continue growing despite flat market prices.

📰 Adoption Keeps Building Beneath Flat Markets 🔗 Chart Link: https://app.santiment.net/charts/eth-xrp-usdc-link-total-holders-31977?utm_source=x&utm_medium=post&utm_campaign=total_holders_eth_xrp_usdc_link_b_072826&aff=3 🪜 Holder counts keep climbing. Over the past two weeks, Ethereum has crossed 200M non-empty wallets for the first time ever, XRP Ledger and USDC (on Ethereum) crossed 8M, and Chainlink crossed 900K. 📊 The amount of ’hodlers’ (non-empty wallets) measure retained network participation. One wallet doesn’t always mean one person, but rising non-empty wallets still show more addresses holding value, using apps, or staying connected through weak price action. 💵 $USDC’s growth fits the stablecoin cycle. Circle has been expanding bank, custody, payments, and minting rails with major institutions, while USDC remains one of crypto’s most used settlement assets. $LINK and $XRP growth show the same pattern of increased adoption as platforms expand and provide more use cases.

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