The Centre Consortium, co-operatively overseen by Circle and Coinbase, is currently in the process of being closed down. Consequently, Circle will be taking over the internal management of issuance and governance for the USDC stablecoin.
According to crypto analysts, investors are moving away from centralized exchange giants and opting for decentralized alternatives to stake their ETH holdings due to regulatory concerns and the desire for greater rewards.
According to cryptocurrency analysts, the surge in ETH staking can be largely attributed to deposits from institutional staking platforms and the reinvestment of rewards.
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