Circle to Reduce USDC Token Collateral Due to Rising US National Debt
Circle, the issuer of the popular USDC steblecoin, is going to reduce the percentage of U.S. dollars in token collateral as the country may default due to rising national debt. Circle CEO Jeremy Allaire told Politico that the company will focus more on short-term U.S. Tre ...
Standard Chartered Bank Analyst Suggests Bitcoin Could Rise to $40,000 if US Defaults on National Debt
The head of foreign currencies research department of Standard Chartered bank suggested that the BTC could jump in value by about $20 000, if the U.S. fails to meet its obligations on the national debt. Geoff Kendrick thinks that if the U.S. government defaults on its deb ...