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Stablecoin USDC launching on Avalanche, has this impact on AVAX’s price
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ambcrypto.comAvalanche’s price witnessed a pretty decent rally during 2021 with over 3000% price appreciation over the year. In fact, in the first half of November itself, Avalanche witnessed a 130% pump from $62 to the ATH of $147. Post that, however, the 12th ranked alt has spent more time consolidating or correcting.
On December 14, despite the state of the broader market AVAX’s rally seemed to pick up, amid news of Circle launching its stablecoin, USDC on Avalanche. The arrival of USDC to the Ethereum-killer smart contract platform is expected to give a push to the network’s DeFi ecosystem.
Network getting more stable
The total value locked (TVL) in Avalanche has seen an over thirtyfold growth in the last year. The DeFi ecosystem on the blockchain
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