Voyager Digital Takes Another Step Towards Offloading Crypto Assets with 150 Million USDC Transfer to Centre
Voyager Digital has been embroiled in controversy over its plans to sell off its crypto assets, and has taken another step towards achieving its goal. According to on-chain data, the company recently transferred $150 million in the USDC stablecoin to Centre, a joint venture between Coinbase and Circle.
The transfer, which occurred at 4 p.m. EDT, was initiated from the “Voyager 1” Ethereum wallet and was sent to Centre, according to transaction records. This is part of a larger strategy of asset offloading, as Voyager seeks to liquidate its cryptocurrency holdings.
Despite objections from regulators, who argue that Voyager’s plan to sell its crypto may violate securities law, the exchange has remained steadfast in its efforts to unload its assets. The transfer to Centre is the latest indication that Voyager is serious about its plans.
Many in the cryptocurrency industry have been closely following the saga of Voyager Digital, which has faced a number of challenges in recent months. The exchange has been accused of misleading investors about its regulatory status, and has been the subject of a number of investigations by regulatory authorities.
Despite these challenges, Voyager has remained committed to its goal of selling off its crypto assets. The transfer to Centre is a clear sign that the exchange is taking concrete steps to achieve this objective.
The transfer of $150 million in USDC stablecoin to Centre is a significant move, and it will be interesting to see what happens next. Many in the cryptocurrency industry will be watching closely to see how regulators respond to this latest development, and whether Voyager will be able to successfully offload its crypto assets.
As a reporter covering this story, I will continue to monitor the situation closely and provide updates as new information becomes available. The saga of Voyager Digital is far from over, and it is sure to continue to be a topic of great interest and debate in the cryptocurrency industry.
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