The MakerDAO community has approved a proposal that will see the crypto protocol custody as much as $1.6 billion USD Coin (USDC) with cryptocurrency exchange Coinbase. The USDC will be held via Coinba...
Tag: USDC
Coinbase Rolls out USDC Institutional Rewards Program With MakerDAO
Leading cryptocurrency exchange Coinbase announced Monday the launch of its institutional rewards program in partnership with stablecoin issuer MakerDAO. Coinbase to Custody $1.6 Billion USDC The e...
Coinbase to Custody MakerDAO’s USDC Funds Worth $1.6B
The USDC is a third of the treasury supporting Maker’s Peg Stability Module. The DAO will receive up to 1.5% rewards on the assets. After being presented by Coinbase Institutional on September 6, the ...
MakerDAO Partners With Coinbase to Become Largest Holder of USDC
On Oct. 24, Coinbase announced that MakerDAO governance had voted in favor of the proposal to custody $1.6 billion USDC with Coinbase Prime. This means that Coinbase has expanded its USDC rewards prog...
Coinbase to custody up to $1.6B USDC for MakerDAO
The MakerDAO community has approved a proposal by Coinbase to custody up to $1.6 billion USDC with the Prime reward program. Earlier on Sept. 6, Coinbase submitted a governance proposal seeking to onb...
MakerDAO on course to custody 1.1 billion USDC with Coinbase for rewards
MakerDAO, the issuer of the stablecoin DAI, appears set to move forward with a proposal to onboard an account to Coinbase prime and transfer roughly 33% of its USDC ($1.1 billion) into custody. a16z d...
Justin Sun Explains Reason for Cashing Out over $230 Million in USDC – crypto.news
Earlier today, Justin Sun, the co-founder of Tron, binned concerns around significant USDC transfers over the last few weeks. The founder claimed that those were domestic fund allocation and sorting. ...
MakerDAO MKR Votes on $1.6B USDC Coinbase Deposit
MakerDAO (MKR) is planning to deposit $1.6 billion in USDC on Coinbase Prime to earn a yield of 1.5% per year. A poll on the proposal is three days away from closing. The decision could set the DeFi p...
USDC adoption is lagging outside of the United States: Coinbase
United States-based cryptocurrency exchange Coinbase says the adoption of USD Coin (USDC) has been “more conservative” outside of the U.S., which it believes is a result of international currency conv...
Justin Sun Clarifies Over Recent $236M USDC Transfers
5 hours ago | 2 mins read Altcoin News In the last three weeks, Justin Sun has sent roughly $236 million to Circle. As the company expands, more resources will be devoted to supporting it. Justin Sun,...
USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens
The decentralized, permissionless cross-chain platform Axelar and USDC creator Circle have announced the Cross-Chain Transfer Protocol, which looks to revolutionize cross-chain transfers across the cr...
Coinbase to Significantly Benefit From $1.6B Transfer of MakerDAO’s USDC, Analyst Says
Lau wrote that the added USDC on Coinbase Prime would help the company gain assets and aid Coinbase’s ability to conduct similar proposals, while also potentially growing the total addressable market ...
Coinbase, SmartPay Efforts Could Boost USDC, USDT Usage Outside US
Tether has gained market share from USDC in recent months, growing to 48% of the stablecoin market Three times more USDC is bought with USD versus non-USD currencies, according to Coinbase The two lar...
Coinbase Moves to Boost USDC Adoption, Removes Commission Fees
Coinbase wants to accelerate the adoption of USDC internationally, by establishing global parity for all users. In a bid to promote the global adoption of USDC – a stablecoin issued by Circle and pegg...
Coinbase Looking Outside the US To Grow USDC Stablecoin
Coinbase has announced commission-free trading for those who buy USDC with non-USD fiat currency in a bid to increase its use outside the United States. San Francisco-based exchange Coinbase is buildi...
Coinbase to expedite USDC adoption outside the US
A report shared by Coinbase has brought the need to expedite USDC adoption outside the US. The report, shared on 20 October, revealed that “3 times more USDC is bought with USD than non-USD currencies...
Coinbase Announces Zero Commission USDC Trading
41 mins ago | 2 mins read Exchange News Coinbase notes that acceptance of USDC has lagged behind that in the US. Coinbase, together with Circle, is a founding member of USDC. It seems that USDC, USDT,...
This Coinbase Feature Could Make USDC A Universal Currency
Crypto exchange Coinbase wants to boost the adoption of stablecoin USDC. The company will support free trading commissions for users buying the digital asset. According to an official announcement, th...
BUSD, DAI make a notable comeback after USDT, but USDC…
One move can make or break positions in the crypto world. Well, what we are implicitly referring to is stablecoins. The battle or rather the race to finish at the top continues to create headlines, ma...
USDT rises again and USDC loses ground
After collapsing in May, the market capitalization of USDT (Tether) has risen again, at the expense of that of USDC. The showdown between USDT and USDC continues In fact, when the Terra ecosystem was ...
Invest Your $USDC & $USDT In The Hideaways (HDWY) Claims…
Generally speaking, high-risk investments give out the highest rewards. But traders end up losing more money than gaining when entering these kinds of projects. Luckily, some stable and low-risk crypt...
Ex-CEO of Celsius Network Move $960K in CEL and USDC : Report
Data shows that Alex Mashinsky moved nearly $960K crypto in CEL and USDC. However, the withdrawal facility is suspended for Celsius customers. Transaction from Mashinsky’s Crypto Wallet Alex Mashinsky...
USDC trading now available on the Kinesis Exchange
London, United Kingdom, 17th October, 2022, Chainwire Kinesis, the world’s leading gold and silver-based monetary system, has listed the FIAT-based stablecoin, USD Coin (USDC) on the Kinesis Exchange....
Justin Sun Moves Millions In USDC To Binance
Justin Sun Moves Millions In USDC To BinanceOctober 14, 2022Chain Of Transactions By Tron Founder Justin SunAccording to PeckshieldAlert monitoring data on October 14, Tron founder Justin Sun’s labell...
Stellar Blockchain Gets Extended Support for USDC Thanks to This Collaboration
Gamza Khanzadaev USDC support expands further on Stellar Network thanks to Wirex As announced at the fourth annual Stellar Meridian conference, crypto payment start-up Wirex will add support for major...
USDT, USDC, BUSD- Know this update before you park your money in it
Stablecoins play a key role in the decentralized finance and broader cryptocurrency ecosystem, without a doubt. But the rivalry between USDT and USDC seems to have taken a different route. USDT, conti...
Celsius Ex-CEO Dumps About $1M Worth CEL and USDC
10 hours ago | 2 mins read Defi News Coffeezilla, an online scam-busting investigator, has brought to light the fact. Celsius, meanwhile, has a negative net worth of more than $1.19 billion. Ex-CEO of...
Former Celsius CEO Alex Mashinksy Cashes Out $960k Worth of CEL, USDC
Notably, Alex Mashinky and other executives were revealed to have withdrawn as much as $27 million in two tranches just before the firm declared its bankruptcy. Alex Mashinsky, the former Chief Execut...
Wirex will support USD Coin (USDC)- The Cryptonomist
Wirex, the digital payment platform, in collaboration with the Stellar Development Foundation (SDF), announced that it will support USD Coin (USDC) built on Stellar’s Blockchain. Wirex adds USDC on S...
Circle’s USDC Stablecoin Has Lost All Its Post-Terra Gains
After a 7-week rally in May and June that sent USD Coin’s market capitalization above $56 billion, an all-time high, Circle’s stablecoin has now lost all the ground it gained earlier this year. On Mon...
Back to Square One? Circle’s USDC Market Cap Drops Below $50B for First Time Since Terra’s Collapse
“BUSD has seldom been used in DeFi and is not near the top 10 pools of Curve, Uniswap, Aave etc. USDC usage, however, remains strong. Four of the top five Uniswap pools contain USDC,” Tean...