Circle Finds Replacement for Signature Bank’s Signet Platform for USDC Transfers
Circle, the issuer of the USDC stablecoin, has secured a replacement for Signature Bank's Signet platform, according to CEO Jeremy Allair. The service was used by USDC holders to transfer funds between fiat currencies and cryptocurrencies around the clock. However, it was closed in mid-March d ...
Moon Mortgage Launches Mortgage Lending Service Secured by Cryptoassets
Moon Mortgage Launches Mortgage Lending Service Backed by Cryptoassets. Moon Mortgage, a cryptocurrency lending platform, has unveiled its latest service - mortgage lending backed by cryptoassets. This new offering is available to all holders of liquid cryptoassets who want to use borrowed fun ...
Circle Redeems $3 Billion of USDC and Buys Back $3.8 Billion to Restore Peg
According to Circle, the creator of the USDC stablecoin, users redeemed a total of $3 billion worth of USDC between March 13 and March 15. In response, Circle bought back $3.8 billion worth of USDC and issued $800 million worth of stablecoins since Monday morning. The stablecoin experienced a ...