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HKVAC Replaces USDC with XRP in Top 5 Global Crypto Index 2m ago by

XRP replaced USDC in the Cryptocurrency Global Large Top Five Index.

HKVAC added HBAR, MKR, and QNT to the Global Large Cryptocurrency Index.

Hong Kong’s Index Company, HKVAC, announced updates to indexes regarding cryptocurrencies.

The Hong Kong Virtual Asset Consortium, commonly known as HKVAC, recently announced updates to its indexes regarding some cryptocurrencies. HKVAC replaced Circle’s stablecoin USDC with Ripple’s XRP in its top five large cryptocurrency indices.

Hong Kong index company HKVAC announced that its global large cryptocurrency index has added Hedera, Maker and Quant, and deleted Cryptonex, ICP and HEX; the world’s top five large cryptocurrency indices are BTC ETH USDT BNB and XRP; the original USDC has been replaced by XRP.…

— Wu Blockchain (@WuBlockchain) October 13, 2023

Colin Wu, a Chinese reporter known in X (previously Twitter) as WuBlockchain, shared the news and said, “HKVAC announced that its Global Large Cryptocurrency Index has added Hedera, Maker, and Quant, and deleted Cryptonex, ICP, and HEX.”

HKVAC shared a press release on October 13, announcing the rebalancing results of the company’s key indexes and m…

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