Circle moves record $4.4 billion in USDC

Circle just moved a record $4.4 billion to Coinbase for zero fees, proving that the biggest players in crypto don't play by the same rules as everyone else. By using HyperEVM to phase out rival tokens like USDH, these two giants are effectively centralizing control over "decentralized" finance. If corporations can move billions for free while retail pays gas, is DeFi actually dead or just evolving? Is this level of corporate control good for the industry? What’s your take?
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