Xago, a South Africa-based blockchain payment platform, announced today support for EUR with the launch of its latest stablecoin – XEU – backed 100% with fiat. XEU enables purchases, transfers, and pa...
Tag: USDC
Owner Of Amazon.eth Domain Disagreed On A 1Million USDC Offer To Purchase His Domain On OpenSea
Amazon. Eth received an anonymous buyer offering 1 million USDC Coins. One hundred five thousand four hundred applications were there for domain registration on the Ethereum ecosystem. Accordin...
Circle’s Cautious USDC Approach Has Paid Off, Despite Missteps
Last week, by contrast, Circle issued a detailed asset breakdown which, though unaudited, claimed that Circle’s USDC stablecoin is backed entirely by U.S. dollars and highly liquid short-term U.S. Tre...
Anonymous User Bids 1 Million USDC on ‘amazon.eth’ ENS Domain
An OpenSea user has placed a bid for 1,000,000 USDC on the ENS name of ‘amazon.eth’. The offer is set to expire on Tuesday at 15:00 EST. According to the listing page, previous offers to purchase the ...
USDC issuer Circle lays out its hopes for coming stablecoin policy
Dante Disparte, the leader of Circle’s government work, on July 18 published a set of 19 principles for stablecoin regulation, as part of the company’s efforts to shape US stablecoin polic...
Circle Publishes Inuagural USDC Reserve Treasury Report for June
Co-Founder and CEO of Circle, Jeremy Allaire has announced the release of the company’s first monthly USDC reserve report for the month of June. Highlighting on Twitter, he affirmed the move as part o...
Circle Claims Stablecoin USDC Fully Backed by Cash Reserves
30 mins ago | 2 mins read Altcoin News The firm no longer has any commercial paper on hand. As of June 30, Circle had $42.1 billion in U.S. government bonds. A detailed analysis of the assets underly...
Circle unveils the full disclosure of its USDC reserves
Circle has provided full disclosure of the reserves backing the USDC stablecoin. This is the first time that the stablecoin issuer is providing this disclosure. The move seeks to boost transparency an...
Circle discloses $55.7 billion worth of cash, Treasury reserves
Circle issued its first monthly report closely detailing reserves for its US-dollar backed stablecoin, showing $55.7 billion in cash and three-month US Treasury securities at the end of June. The fin...
Circle Claims USDC Stablecoin Is Now Fully Backed by Cash, US Treasuries
Circle, the payments company behind the USDC stablecoin, has released a full asset breakdown of the reserves backing its growing dollar-pegged token. The level of detail provided by Circle in its Thur...
Circle Reveals Detailed USDC Reserve Report
The payments management firm has released a detailed reserve report, revealing that its USDC stablecoin is backed only by cash and short-term treasury bonds. Full Reserve Report To Win Trust In a bid...
Circle Unveils USDC Liquidity And Availability In Reserves
The entire crypto space felt a negative impact from the failure of the algorithmic stablecoin UST and Terra’s native token, LUNA. Other top stablecoin projects like Tether’s USDT and Circle’s (USDC) h...
Circle Releases USDC Reserves Breakdown Report
Issuing USDC reserves breakdown is an effort towards commitment of trust through transparency – CFO Jeremy Fox-Geen. On Thursday, 14th July, Circle Internet Financial disclosed the breakdown of its US...
Circle shuts down critics with on-going disclosures on USDC reserve assets
Circle issued its first monthly report of USDC reserve assets on July 14 in an effort to enhance transparency. The general reputation of stablecoins has taken a severe hit since the Terra UST implosio...
USDC Issuer Circle Discloses Its Reserves, Proving Their Liquidity And Availability
After the collapse of the Terra ecosystem (which included its native token LUNA and its algorithmic stablecoin UST), the crypto community started to become more cautious about stablecoins, pushing lar...
USDC Weekly Exchange Outflow Volume Taps 3-Month low: Glassnode
– Advertisement – Glassnode reveals decreased USDC withdrawals. Glassnode Alerts, in a tweet on Monday, reveals that less USDC has been taken off exchanges in recent weeks, noting that out...
Celsius Network Complete Another $40 Million USDC Repayment for Aave Loan
After paying off its $220 million Maker loan fully last week, Celsius has resumed making payments on its remaining Aave and Compound debts. After paying 60 million USDC for its Aave loan over the cour...
USDC May Land Up in Deep Trouble Soon! Is Circle Heading Towards Liquidity Crisis?
The crypto bear market has dragged many platforms to their knees, while most of the assets have plunged hard by nearly 90% from their highs. Bitcoin specifically dropped heavily from $69,000 amid the ...
Experts Warn Of Major Trouble For Circle And USDC, Here’s Why
Matt Taibbi, a notable author, and journalist wrote a scathing article warning against investing in USDC. Pointing to the Circle being the sole counterparty to its reserve funds, Taibbi revealed that ...
Tron DAO Reserve Increases 445M USDC on the Network’s Total Supply – crypto.news
Earlier today, Tron DAO Reserve announced that it had added about 445M USDC to TRON, bringing the total supply value of USDC coins in the network to $3.3B. The organization stated that the addition is...
USDC users can now redeem the stablecoin
In an exclusive interview with Forkast Editor-in-Chief Angie Lau, Circle Chief money dealer Jeremy Fox-Geen aforementioned reserves backing the questionable USDC stablecoin are ring-fenced from any po...
Banking Circle Adopts USDC as Currency on its Payment Rails
Banking Circle, an European Union (EU) regulated payments bank has announced that it has integrated the USD Coin (USDC) stablecoin into its payment rail. According to the startup, the integration of t...
EU-regulated firm Banking Circle adopts USDC stablecoin
Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails. The firm officially announced on Friday the adoption of the USD C...
Luxembourg-based bank Circle adopts USDC stablecoin
The world of traditional finance and the cryptocurrency asset are known to look at each other suspiciously, distrustful of each other, and always ready to erode capital from each other, but an assist ...
Banking Circle adds USDC payments and fiat conversion
Financial infrastructure provider Banking Circle said July 8 that it has started offering payment acceptance, process, and settlement in USDC. Banking Circle’s Head of Virtual Asset Services Mishal Ru...
Tron DAO Adds 445M USDC; Will It Pump TRX price?
The TRON DAO Reserve announced that it has added more funds to its reserves. The announcement mentioned that it is done in order to safeguard the overall blockchain industry and crypto market. USDC su...
Is USDC Going To Take Over USDT?
USD Coin(USDC) has come historically close to Tether (USDT). There is now only $10 billion separating the two biggest stablecoins. USDC & USDT account for more than 80% of total market share...
Circle Allows ‘Free’ Early USDC Withdrawal From Fixed Yield
Circle CEO Jeremy Allaire has said users of Circle Yield can withdraw their money early without facing penalties as cryptocurrency markets see their worst performance in years. Users of the treasury p...
Will Tether USDT be overtaken by USDC as it declines?
4 hours ago | 2 mins read Altcoin News USDT market cap dropped below $70 billion. The number of significant accounts holding USDT has decreased. After Terra’s collapse Tether (USDT) became the largest...
USD Coin (USDC) Stablecoin Challenges Tether (USDT) Supremacy: Comprehensive Guide
Amid the carnage on the cryptocurrency markets, more and more investors are increasing the share of stablecoins in their portfolios. As such, the right moment has come to study the features of USD Coi...
Circle looks to reaffirm commitment to transparency as USDC market share soars
The cryptocurrency market has experienced a turbulent period as of late, with several firms filing for bankruptcy or shutting down. Voyager Digital announced its bankruptcy on Wednesday, becoming the ...