Blockchain data shows that Ethereum blockchain co-founder Vitalik Buterin acquired more USD Coin (USDC) at the maximum height of the panic surrounding the backing of the stablecoin. On March 11 — the ...
Tag: USDC
Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen
Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from its recent depegging from the dollar. USDC, a stablecoin d...
USDC, SVB saga fuels massive profits for Ethereum [ETH] as Shanghai looms
Ethereum’s profits rise as trading activity increases due to USDC and SVB saga Short sellers face the heat as their positions get liquidated The aftermath of the collapse of SVB and Signature bank has...
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle Internet Financial’s USDC stablecoin saw almost $3 billion in net redemptions, defined as the total number of USDC burned minus the number of USDC minted between Friday, March 10 and press time...
Coinbase Resumes USDC to Dollar Conversion
Coinbase has resumed USDC to USD conversion as the banks reopen after the weekend break. And the stablecoin has regained its $1 peg. As crypto recovers back to normal after a weekend full of volatilit...
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle, a leading global crypto finance company, has announced that it has partnered with Cross River Bank for producing and redeeming USD Coin (USDC), its flagship stablecoin pegged to the US dollar....
Insider Trading? Early SHIB Trader Nets $4M+ Trading ETH During USDC De-pegging
Lookonchain disclosed that the unknown investor’s funds are now parked in USDT across the 15 addresses. An early Shiba Inu investor and trader recently bagged over $4 million in profits from trading E...
Circle’s USDC Regains $1 Peg After Tumultuous Weekend
Key Takeaways Circle’s USDC is trading for $1 again. The stablecoin broke its peg late on Friday after Circle revealed it was exposed to Silicon Valley Bank. The U.S. government stepped in to assure a...
Circle Begins USDC Redemptions as It Burns 314 million USDC: On-Chain Data
Following the unexpected collapse of Silicon Valley Bank on Friday, there were inquiries regarding the vulnerability of Circle, one of the leading companies in the crypto industry and the issuer of th...
314M USDC sent to null address as redemptions begin: Report
According to Web3 analytics platform Watchers, a total of 314.167 million USD Coin (USDC) was sent by its issuer, Circle, to the Ethereum null address with header 0x00 on March 13. The null address is...
USDC stablecoin: reserves are safe
Circle, the prominent cryptocurrency company, and its CEO recently made a statement that gave the community much-needed certainty: all USDC stablecoin reserves are safe. According to the data, Circle ...
USDc and DAI Re-Peg – Trustnodes
USDc is back to being worth precisely one dollar after it fell to as low as 88 cent following revelations Circle held $3 billion in the Silicon Valley Bank (SVB). The near collapse of SVB, which at so...
Lookonchain Reveals a Smart Address That Made $4.14M Amid USDC Depeg
On-chain analyst Lookonchain shared details of a smart address that made $4.14 million amid the USDC chaos. The smart address was able to bag this large amount by trading Ethereum. This address also b...
Circle Boasts New Banking Partner To Calm Markets After USDC Depeg
After losing its dollar peg over a tumultuous weekend for crypto, USDC issuer Circle says its reserves are safe and sound, and it’s moving on to a new banking partner: Cross River Bank. After a ...
Top Stablecoins Flirt With USD Peg After Crashing to All-Time Lows
Circle’s USDC and other stablecoins are still struggling to return to their US dollar peg after collapsing over the weekend in response to a spate of crypto bank failures. USDC was trading at under $0...
USDC nearly regains $1 peg after Circle says SVB deposit is available
In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images USD Coin (USDC) came close to r...
Smart Money Investors Remain Skittish Over USD Coin (USDC)
Analyst Andrew T tweeted that smart money investors are still staying away from USDC. The tweet added that USDC’s recent re-peg was mainly retail driven. USDC’s price has recovered 3.27% over the last...
Crypto: Journey to hell for USD Coin (USDC)
Saturday 11 March 2023 began a kind of journey to hell for the crypto USDC (USD Coin). Actually USDC is not a cryptocurrency in the strict sense, but a crypto token that represents the US dollar on so...
USDC and BUSD breathe a sigh of relief, thanks to Biden administration
U.S. government comes to the rescue of failed banks. However, BUSD and USDC continue to suffer. The crypto community, in general, criticized the government’s bailout. Over the last few days, the colla...
Circle Has $3.3B SIVB Exposure, Crypto Daily TV 13/3/2023 $USDC
In Todays Headline TV CryptoDaily News: BTC rises on govt. plan to protect all SVB depositors. The price of bitcoin rose above $21,400 after the Washington Post reported that U.S. federal authorities ...
DAI recovers after severe depeg caused by USDC ripple effect
MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of...
Costly Mistake: Here’s How a USDC Investor Lost 2 Million in a Race Against Time
The collapse of Silicon Valley Bank (SVB) on March 10 has caused ripples in the crypto industry, leaving many investors anxious about the exposure of major players like Circle, the issuer of the popul...
Circle CEO Assures 100% Safety of USDC Reserves, Transfer Resumes
Jeremy Allaire tweeted that the company’s 100% USDC reserves are safe, in reference to the SVB collapse. Circle’s CEO assured that the company would transfer the remaining SVB cash to BNY Mellon. He a...
Will Circle be Able to Restore Stability to USDC After Signature Bank Failure?
Circle, a leading player in the crypto industry, has been impacted by the recent failures of Silicon Valley Bank and Signature Bank. The collapse of Signature Bank, a critical financial institution fo...
USDC Re-pegs After Fed’s $25B Bailout, Bitcoin Price Bounces To $22.2k
The fear, uncertainty, and doubts surrounding the second largest stablecoin USDC, issued by Circle, have significantly reduced in the past 24 hours following a bailout by the United States Federal Res...
100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank
The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable t...
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement – Bitcoin News
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the ...
USDC bounces back toward $1 peg after Fed announcement
Circle’s stablecoin USD Coin (USDC) is climbing back to its $1 peg following confirmation from CEO Jeremy Allaire that its reserves are safe and the firm has new banking partners lined up at “banking ...
USDC, crypto rallies on news that SVB, Signature Bank deposits are safe
Markets • March 12, 2023, 8:16PM EDT USDC nearly regained its peg and cryptocurrencies rallied on the news that all Silicon Valley Bank and Signature Bank deposits will be fully returned to customers....
The Block: Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire
Circle USDC reserves are “safe and secure” and liquidity operations will resume when U.S. banks open Monday, CEO Jeremy Allaire said on Twitter. “We were heartened to see the U...