Market maker Jump Trading deposited 100 million USD Coin (USDC) to Binance in the past 4 hours to help alleviate the latter's surging liquidity demand

BlockBeats News, December 24th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), impacted by Binance's launch of the USD1 high-yield savings product, liquidity provider Jump Trading withdrew 100 million USD1 from Bitgo in the past 4 hours and deposited it into Binance, possibly to meet the surge in USD1 liquidity demand in a short period of time.

In addition, the USD1 supply has increased by 118 million today, reaching a market capitalization of 2.87 billion US dollars.