USDC market cap below $30 billion, struggles signify crypto turmoil

Key TakeawaysUSDC’s market cap has dipped from $54 billion to $30 billion in the last eight months
The stablecoin has lost market share since March, falling from 32% to 23%
Regulatory concerns and the fallout from the SVB collapse have plagued the stablecoin, whose struggles signify the capital flight out of the crypto industry as a whole
Crypto prices have been on the rise over the past couple of months, but that is not to say that all is well in the sector. As I have analysed before, cap