Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT. ...
Tag: USDC
Tether (USDT) and USDC Issuer, Circle Pledge Support – crypto.news
Tether (USDT) and USD Coin (USDC) issuers have thrown their weights fully behind Ethereum transition to the proof-of-stake (PoS) consensus algorithm, as September 19, 2022, Merge date draws near, acco...
MakerDAO Co-Founder Proposes Dumping $3.5 Billion USDC Reserves for ETH
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH...
MakerDAO Co-founder Plans To ‘Yolo USDC Into ETH’
The sanctions are “a lot more serious than I first thought,” MakerDAO co-founder Rune Christensen said The risk of uprooting and moving collateral from USD to ETH may overweigh the consequences of DAI...
MakerDAO plans against sanctions from USDC exposure
Following Circle’s freeze of blacklisted Tornado Cash addresses, MakerDAO is re-assessing the risks associated with its USDC collateral. On August 8, issuers of USDC stablecoin Circle froze USDC token...
USDC Predicted to Surpass Tether (USDT) As The Biggest Stablecoin In 3 Months ⋆ ZyCrypto
Advertisement     USDC, the fiat-collateralized stablecoin issued by payments technology firm Circle, has recently recorded massive growth, as the asset appears to be ...
Circle Says Its USDC Stablecoin Won’t Support Ethereum Proof-of-Work Hardfork
The top two stablecoin issuers – Circle and Tether – have distanced themselves from any hardfork in Ethereum. They said that they will continue to support the PoS transition of Ethereum. As the Ethere...
Circle to only support Ethereum proof-of-stake chain after integration
USD Coin (USDC) issuer Circle Internet Financial will only support the Ethereum proof-of-stake chain after the chain integrations, the company announced in a blog post on Tuesday. The integration, du...
USDC Issuer Circle Joins Chainlink in Only Supporting Proof-of-Stake Ethereum After the Merge
USD Coin (USDC) issuer Circle says that it will support only the Ethereum proof-of-stake chain once the leading smart contract platform completes its highly anticipated Merge. In a statement, Circle ...
Circle Pledges Action After Freezing $75K Tornado Cash-Linked USDC
Circle CEO Jeremy Allaire pledged more engagement to address privacy concerns that have dogged the stablecoin issuer after it froze $75,000 in USDC belonging to users of the sanctioned cryptocurrency ...
Circle’s USDC Will Fully Support Ethereum’s Proof-of-Stake Over A Proof-of-Work Fork
Advertisement     Circle says it will fully support Ethereum’s transition to Proof-of-Stake amid reports of a fork. The stablecoin issuer says supporting the Merge mea...
Circle freezes USDC funds in Tornado Cash’s US Treasury-sanctioned wallets
Centre, the consortium behind the USD Coin (USDC) stablecoin, has blacklisted wallet addresses controlled by Tornado Cash following the US Treasury sanctions against the crypto mixer. Ethereum blockch...
USDC, USDT, BUSD caught in the midst of tornado- Here’s how
The invention of Bitcoin [BTC] in 2008 led to the idea of decentralization which became the mantra of the entire crypto ecosystem. However, it was necessary to involve regulators and central authoriti...
USDC Announces Full Support To Ethereum POS Chain Post-Merge
Circle, the blockchain company which issues USDC, announced full support to the upcoming Ethereum Merge. The company said it was looking forward to the reduced energy consumption profile of the networ...
Erik Voorhees urges MakerDAO community to exit USDC positions after Tornado Cash sanctions
Shapeshift CEO and founder Erik Voorhees recommended the MakerDAO community take precautionary measures after the U.S. Treasury sanctioned Tornado Cash. Specifically, Voorhees advised MakerDAO users t...
Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC
Circle’s USDC has “blacklisted” all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department’s sanction against the protocol. A Twitter bot named USDC Blacklist, which scrapes the...
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
The United States Treasury Department has added more than 40 cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash to the Specially Designated Nationals list of the Office o...
Chileans Shields Inflation and Peso Devaluation Using $USDT & $USDC
Chile has played successfully in maintaining a stable economy in the last few decades. But back in may 2020 the economy contracted by 5.8%, the sharpest decline since 1982. The slump in the economic g...
Centralized USDC could decide the future of contentious ETH hard forks
Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and USD Coin (USDC) could become “a significant decider in future contentious hard forks.” Buterin was speak...
USDT & USDC Stablecoins Will Play A Crucial Role In Future Hard Forks
While the cryptocurrencies are gaining mainstream attention, so does centralized stablecoins like Tether (USDT) and USD Coin (USDC). Now, Vitalik Buterin, Ethereum co-founder, claims that these centra...
USDT and USDC accumulation surge can point towards a…
The circulating supply of Tether [USDT] and USD Coin [USDC] has seen a dramatic decrease since May 2022. In the July edition of its Global Cryptocurrencies and Digital Assets report, the Bank of Ameri...
Solana, USDC Drained From Wallets in Attack
An unknown attacker drained thousands of wallets containing at least $4 million worth of Solana and USDC late Tuesday night. The hack, which was still ongoing at 8:00 PM PST, seemed to originate on th...
Brazilian Soccer Giant Settles Soccer Deal Transfer with $8M in USDC
Banfield, a soccer team based in Buenos Aires, has sold one of its top players to Brazil’s giant team, Sao Paulo. Sao Paulo paid for Guiliano Galoppo’s transfer in cryptocurrency instead of fiat curre...
Argentinian Soccer Club Signs a Local Player Via Stablecoins USDC
Crypto market has left no boundaries untouched. It seems like crypto currency is an inevitable market which several companies in various industries are falling for. Especially the world soccer industr...
São Paulo Paid $8 Million in USDC for Banfield Player
The Buenos Aires-based soccer team Banfield sold one of its best players (Giuliano Galoppo) to the Brazilian giant São Paulo. Interestingly, the latter paid the transfer sum in cryptocurrencies instea...
USDC on track to flip USDT by Q3 to become leading stablecoin
The second biggest stablecoin by market cap, USDC, is expected to overtake USDT, according to analysts at Arcane Research. The Glassnode chart below shows relatively parallel growth for both tokens fr...
New Report Predicts USDC To Soon Replace USDT, What’s The Ground Reality?
In the world of stablecoins, Tether USDT was the king until the crash. Since then, others have fought seriously to take the position. But amid all the striving stablecoins, reports have revealed that ...
Tether (USDT) Seeks Damage Control In Tightening Race Against USDC
Amid the ongoing intense battle between the two biggest stablecoins, Tether (USDT) made a major announcement. At the press time, USDT holds a market cap of over $65.8 billion. Tether to reduce its com...
USDC to surpass USDT as largest stablecoin? This report could be key
The much-talked-about fight between the stablecoins continues to see new daylight. Especially, with the ongoing feud between USD Coin (USDC) and Tether’s (USDT). Some analysts even say that the former...
USDC To Dethrone USDT By This Date; Report Predicts
The stability of Stablecoins has been the biggest question in the crypto industry after the recent collapse of Terra’s UST. However, many different stablecoins are trying hard to fill the gap made due...
Will USDC Dethrone USDT? This Report Says Yes
One of the more unsettling events in the stablecoin sector occurred in May when Terra’s UST lost its 1:1 dollar peg. Chaos resulted from the de-peg, which also utterly destroyed Terra’s legitimacy. Ne...