Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from $171.37 billion to today’s $153.09 billion. During the last two months, the top stablecoins...
Tag: USDC
Binance’s USDC move could increase importance of Tether in crypto trading
JPMorgan Chase analysts say that Binance’s recent stablecoin decision will benefit Tether. From Sept. 29 Binance will convert existing balances and new deposits of stablecoins USDC, USDP and TUSD to i...
MakerDAO confirms Merge threat to cut down USDC but there’s more
DeFi protocol, MakerDAO [MKR], updated the risks it could face as a result of the Ethereum [ETH] Merge. Recall that the crypto lending project had initially highlighted some threats in August. Despite...
Maker Raises Staked Ethereum Limit to Reduce Reliance on USDC
Maker, the DeFi protocol behind the DAI stablecoin, announced that it has doubled its debt ceiling on its staked Ethereum (stETH) vault. The world’s largest decentralized-finance app, Maker is working...
Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence
Some $49 million worth of stETH has flowed into the vault since the ceiling was raised, data from tracking service Daistats shows. Staked ether is a token supplied to users who lock up ether on Lido, ...
Eth Merge, Binance Delists USDC, And More
The crypto world is watching with bated breaths for the final Merge upgrade. Ethereum is also setting matters in motion for the final set of upgrades before The Merge goes live. With the Bellatrix har...
MakerDAO Gets 1.5% Interest on USDC from Coinbase
Join Our Telegram channel to stay up to date on breaking news coverage Major cryptocurrency trading platform Coinbase is interested in forming a partnership with MakerDAO, the most prominent decentral...
Tether’s Lead Over USDC Hits $16B as Binance Moves to Limit Stablecoin Competitors
For a while there, it looked like Circle’s USDC stablecoin was within range to overtake Tether, its biggest competitor. Starting in June and through the end of July, the gap between the two stablecoin...
Coinbase Proposes MakerDAO to Acquire $1.6 Billion USDC
Crypto Exchange Coinbase Looking to acquire 1.6 Billion USD of Maker DAO’s USDC The Proposal from Coinbase will enable Maker to Mint Free, Burn, Withdraw, and Settle Funds The crypto exchange Coinbase...
$370k USDC Flash Loan Attack Landed On Avalanche
Data from blockchain cybersecurity firm CertiK indicates that $370,000 in flash loan attacks exploited the Avalanche blockchain earlier this week. Decentralized finance (DeFi) has been a lucrative tar...
Binance is moving USDC support by transitioning several tokens to BUSD
Join Our Telegram channel to stay up to date on breaking news coverage Binance, the globe’s most significant cryptocurrency interchange by quantity, recently announced that it would begin automaticall...
Coinbase Looking To Acquire $1.6B of MakerDAO’s USDC
Coinbase earns interest from USDC, which makes up 35% of Maker’s collateral Maker would earn up to $24 million in revenue from the investment The very-centralized crypto exchange Coinbase has proposed...
Zero Bitcoin Fees & USDC Delisting: How Binance Is Pushing For Larger Marketshare
The crypto exchange Binance has recently continued to push for growth in its share of the Bitcoin volume, as well as the stablecoin market. Binance Zero Fees Leads To Big Surge In Bitcoin Trading Volu...
Binance Pulling Support of USDC, Converting Several Stablecoins to BUSD
Binance, the world’s largest cryptocurrency exchange by volume, announced today that it would begin auto-converting existing and new deposits of USDC, USDP, and TUSD stablecoins into its native ...
Why Binance Is Booting USDC, Two Other Stablecoins Out Of Exchange In Favor Of BUSD ⋆ ZyCrypto
Advertisement     Binance, the world’s largest cryptocurrency exchange by trading volume, recently shocked the crypto community when it announced that it would cease t...
Circle co-founder says converged dollar books on Binance would be good for USDC
According to a new Twitter post, Jeremy Allaire, co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, said that the recent decision by Binance to merge stablecoin dollar books is “a g...
Binance Ditched USDC, USDP and TUSD. Even Circle Internet Financial Was OK With It
With some $20 billion in average daily volume over the past month, the Binance exchange is roughly eight times larger than its nearest competitor, FTX, in terms of transactions, according to Coinranki...
Binance To Delist USDC From Spot Trading Pairs
Binance has announced that it will be removing the USDC stablecoin from the platform’s spot trading pairs list, along with two other stablecoins. USDC, USDP, TUSD Delisted The other stablecoins being...
Binance Will Keep Supporting USDC, Says Circle CEO
The largest crypto exchange Binance announced that it will be converting stablecoin USD Coin (USDC), Pax Dollar, and True USD into its native stablecoin BUSD. This sparked a debate in the crypto commu...
Circle CEO Thinks Binance’s USDC Exit is a Good Thing
Jeremy Allaire – CEO and co-founder of Circle – isn’t sweating over Binance’s latest decision to stop supporting trades for USD Coin (USDC). In a thread on Tuesday, Allaire broke down why he thinks t...
Circle CEO says Binance decision to stop USDC support is good as it increases utility
Circle CEO Jeremy Allaire said Binance’s decision to convert its users’ USD Coin (USDC) holdings to its Binance USD (BUSD)stablecoin is good. Helpful perspective from @wintermute_t , which is spot on....
Binance to Convert Users’ USDC Into Its Own Stablecoin
Binance cryptocurrency exchange announced on Monday that it has introduced “BUSD Auto-Conversion”. The latest program will, therefore, allow customers to convert any existing user balance...
Binance Boosting BUSD Stablecoin by Ditching USDC and Two Other Major Stablecoins
Crypto exchange Binance has announced that it will automatically convert user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD) to Binance USD (BUSD) at a 1:1 ratio on...
Binance to halt support for USDC as a tradable asset
Binance, the world’s largest cryptocurrency exchange by volume, has announced it will auto-convert users’ USD Coin (USDC) and two other stablecoins into the native Binance USD (BUSD) starting 29 Septe...
Circle Onboards Bybit as a Partner to Promote USDC Access and Adoption
Crypto derivatives exchange, Bybit announced a partnership with Circle, the company behind the second-largest stablecoin by market cap, USDC. As per the press release shared with CryptoPotato, the agr...
Saylor claps back at tax fraud allegations; USDT and USDC at war for market dominance
The biggest news in the cryptoverse for Sept. 1 includes Michael Saylor disagreeing with allegations of tax avoidance, U.S. probing Binance over AML compliance since 2020, Celsius asking to return $21...
Stablecoin wars heat up as USDC and USDT battle for market share
Since the Terra Luna crisis earlier this year, there has been a shake-up in the stablecoin ecosystem. At the time of its collapse, TerraUSD (UST) had a market cap of just over $18 billion, which was w...
Binance USDC withdrawals top $1 billion per day this week
Data from Glassnode analyzed by CryptoSlate shows that USDC leaving Binance is at yearly highs, according to the Exchange Net Position Change chart below. Further analysis reveals that over $1 billion...
Bybit Collaborates With Circle to Provide USDC Spot Pairs And Client Integrations
To facilitate the expansion of Bybit as a gateway for retail and institutional USDC-settled products, the third largest crypto derivatives exchange by volume, Circle Internet Financial, a global digit...
Circle CEO Comments On Binance’s USDC Delisting
CEO Jeremy Allaire has addressed the speculations surrounding Binance’s delisting of its USDC stablecoin, claiming it to be a good thing. Speculations Around Binance’s Decision When Binance announced...