USDC

Hong Kong has not yet adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), according to the Secretary for Financial Services and the Treasury, Christian Hui. Retail investors in Hong Kong are currently not allowed to trade these assets due to the absence of specific regulations ...

The world's largest cryptocurrency exchange Binance announced that it, along with Tether, Circle, and other unnamed companies, is going to expand support for stablcoins. "To improve user security, Binance has reached out to other market players, including ...

This is the second network for Euro Stablecoin The coin is being integrated by several top applications on Avalanche Circle has released a version of Euro Coin Stablecoin (EUROC) on the Avalanche network. ...

Director of Fantom Foundation announced that the fund has temporarily withdrawn from liquidity pools on SushiSwap due to security concerns with the Multichain Bridge. Andre Cronje stated that "if something negative does happen, it will affect USDC, DAI and wBTC issued in ...

Efirium-based stablcoin trading volume dropped to December 2020 levels. Analysts attribute this to the popularity of memcoins, the increase in the number of transactions and the growth of commissions. According to The Block, trading volume with the popular stablcoin USDC ...

This highly liquid position serves to protect reserves The deal involves major banks, including Goldman Sachs Circle has rebalanced the USDC token collateral again. The Black Rock Fund, which manages the asset reserves, has entered into several repurchase transac ...

American cryptocurrency exchange Coinbase continues to develop its international presence - the site introduced new services for customers from Singapore. Coinbase Singapore users will be able to buy USDC with the Singapore dollar without commissions. They will also be ...

This includes steaming, commission-free USDC buying, training and more Cryptoexchange is expanding in the region Coinbase Global has added new services for Singaporean customers. Now they can buy USDC without commissions for the local currency Singapore dollar (S ...

The Uniswap exchange has surpassed Coinbase in trading volume for the fourth consecutive month. Uniswap first surpassed Coinbase's trading volume in February, and while both exchanges have since declined in volume, Uniswap is still ahead of Coinbase. Uniswap processed ...

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 ...

They have begun returning frozen assets And plan to transfer a total of $157 million in coins A couple of hours ago, OKX sent over $60 million in crypto assets to Alameda Research wallets. They conducted a total of 16 transactions in different cryptocurrencies. ...

Ilon Musk is forcing tokens again This time he "heated up" the CULT rate The token price soared 84% in a few hours There is no visible connection between Musk and the Cult DAO Twitter CEO Ilon Musk published a new message on his page this ...

It comes amid an SEC crackdown The exchange will begin trading by listing BTC and ETH futures On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a cryptocurrency derivatives exchange. The CIE will begin trading this week by l ...

Bank has until May 7 to submit a "work on mistakes" report This is the largest counterparty in the U.S. financial field that has willingly partnered with fintech firms The Federal Deposit Insurance Corporation (FDIC) issued a "consent order" last week. It said Cr ...

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 ...

Hackers have successfully breached Merlin, a decentralized exchange operating on the zkSync solution, and have made off with $1.82 million worth of assets. The stolen funds were then transferred to USDC and moved from the zkSync network to the Ethereum main network. The crypto community has ap ...

According to the CEO of Circle, the decline in USDC's market capitalization can be attributed to the banking crisis and regulatory issues in the US crypto industry. Currently, USDC is the second largest stablecoin by market capitalization, with Tether (USDT) taking the top spot. In the summer ...

CCTP allows USDC to move between Ethereum and Avalanche blockchains Many protocols have already committed to using CCTP in the future Circle, the stabelcoin issuer of USDC, has launched the crosschain protocol CCTP, which allows users to transfer USDC between Eth ...

During an interview, Paolo Ardoino, the CTO of Tether, made a significant announcement regarding the company's excess reserves. According to Ardoino, Tether currently has approximately $1.6 billion in reserves to support its stablecoin, USDT. Tether's USDT is backed by a variety of real assets, i ...

According to analysts from Moody's rating agency, implementation of blockchain technology can bring a multitude of benefits for local authorities, including the ability to issue bonds and streamline budget operations. These benefits may even result in cost reductions of up to 35% for US municipal ...

Xapo, a leading cryptocurrency custodial service and licensed bank, has joined forces with Circle to offer support for the USDC stablecoin and facilitate payments using it. This partnership is expected to result in the creation of a payment infrastructure similar to the SWIFT interbank transfer s ...

According to data from the analytical platform CryptoCompare, users are actively redeeming USD Coin (USDC) to Circle, with a total of $6 billion worth of stablecoins exchanged for fiat. Although Circle, the issuer of USDC, claims to fulfill all withdrawal requests promptly, representatives from t ...

Mastercard has unveiled a new partnership with Stables, an Australian stablecoin platform, that will enable users to pay directly with stablecoins through a new Mastercard. The card will be linked to the Stables wallet, which exclusively supports stablecoins, and can be used at any retail locatio ...

In March, the cryptocurrency industry faced a significant test as three banks, SVB, Silvergate, and Signature, collapsed, causing a chain of events that once again highlighted the importance of securing stablecoins and gave momentum to the growth of Bitcoin. The collapse of SVB was initially pred ...

Moody's analysts have expressed concern that the recent drop in the value of the USDC stablecoin to $0.89 may have far-reaching implications for the adoption of all stable cryptocurrencies and lead to increased regulation. The US banking sector has been hit by a major crisis that has resulted in ...

Chainalysis has reported that a series of bank collapses in the United States triggered an outflow of funds from centralized exchanges to decentralized exchanges, as well as an uptick in the popularity of USDC. According to Chainalysis analysts, during times of turmoil in traditional financial ma ...

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 ...

Circle, the company behind the popular USDC stablecoin, is urging the US Congress to take swift action in creating regulatory guidelines for stablecoins. Dante Disparte, the director of strategic development at Circle, emphasized that despite constant discussion about the risks associated with st ...

Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...

Bloomberg reports that on March 13, investors withdrew nearly $1.74 billion from USDC, according to data from the Nansen analytical platform. This represents more than 2% of the stablecoin's total working capital. The outflow occurred after USDC lost its peg to the US dollar last week due to Circ ...

Nansen, a blockchain research platform, has recently reported that the USDC stablecoin has undergone significant changes after burning almost $3 billion worth of tokens, causing the coin to rise back to its previous value of $0.97. The reason behind the sudden dip in the value of USDC was attribu ...

Chainalysis, an analytical company, has revealed that donations worth $70 million in cryptocurrencies have been made to help the Ukrainian army and victims since the beginning of Russia's hostilities in Ukraine. The majority of the donations, worth $22.8 million, were made in Bitcoin, while USDT ...

According to data from CoinGecko, the stablecoin market saw a shift in dominance as the largest stablecoin by capitalization, USDT, gained a majority share of 51.31%, for the first time since May 2022. USD Coin (USDC) came in second with 30.64% of the market, while Binance USD (BUSD) accounted for 1 ...

USDC Circle, the stablecoin issuer, has denied the claims made by a Fox Business journalist that it had received an official warning from the US Securities and Exchange Commission (SEC) regarding possible enforcement action against it. The journalist had alleged that the SEC was cracking down on ...

  The increase in fees for withdrawing funds from Binance in the Tron network did not find understanding among the crypto community. The innovation lasted about a day.Last Friday, February 10, Binance, one of the largest cryptocurrency exchanges, officially announced an increase in fees for ...