Yesterday, news broke that the SEC had ordered Circle to stop issuing new USDC tokens. The news was based on rumors from anonymous sources, and was later denied by those directly involved. However, th...
Tag: USDC
Circle USDC Filed A Regulatory Complaint Alleging Binance Mismanaged Reserves In 2022
Join Our Telegram channel to stay up to date on breaking news coverage Circle USDC filed a regulatory complaint alleging Binance mismanaged reserves in 2022, Bloomberg reports. What: Circle filed a re...
USDC and BUSD market caps fall as regulators bash stablecoins
Stablecoins such as USD Coin (USDC) and Binance USD (BUSD) see their market capitalization fall following increasing regulatory scrutiny. Market data shows that BUSD’s market cap has fallen by 4.56% f...
USDC Issuer Circle Refutes SEC Enforcement Action FUD
Following the SEC crackdown on Kraken last week and its subsequent threat of action against BUSD issuer Paxos, rumors have been flying about Circle being next. Crypto Twitter was awash with unfounded ...
USDC faces SEC enforcement amid stablecoin crackdown
Rumors are circulating that the Securities and Exchange Commission (SEC) will soon issue an enforcement notice to Circle over its stablecoin USDC. The move comes as part of the SEC’s current crackdown...
USDC market cap has shrunk almost $7B since October 2022
Ad About $7 billion worth of value has left the Circle-backed stablecoin USDC since October, according to Glassnode data analyzed by CryptoSlate. (Source: Glassnode and Cryptoslate) (Source: Glassnod...
BUSD Issuance Stops, CZ Responds, BUSD Will Be Redeemable, Is USDC Next?
U.S. regulatory crackdown on crypto companies gains momentum. Paxos has disclosed that it will end its relationship with Binance for the Binance USD stablecoin and will end the issuance of new tokens ...
Binance’s BNB drops 6% on latest US regulatory moves; bitcoin off lows but still down
Cryptocurrency prices were once again driven lower by regulatory developments, with Paxos and the New York Department of Financial Services going toe to toe and Binance suffering the consequences. &#...
USDc Burns $5 Billion – Trustnodes
The USDc market cap is down from $44 billion last month to $38 billion with $4.7 billion of it burned just on Friday according to blockchain data. “4.7B USDC have been burned by Circle and Coinbase wi...
USDC outperforms USDT? Key insights on Stablecoin market domination
USDC captures 44% of the stablecoin market share, outperforming USDT. Coinbase users convert large amounts of USDC into fiat. Stablecoins have been gaining popularity in recent years, as they offer ex...
USDC Supply Shrinks by $1 Billion Amid Market Correction
USDC, the second-largest stablecoin by market cap, has seen a sharp drop in its circulating supply over the past week as the market experienced a correction, which pushed the price of Bitcoin below $2...
Unrest in the Stablecoin market: $2B + USDC Redemption in 30 days
USDC circulation dropped by 4.9% while Tether’s circulation increased by 3%. The Stablecoin economy accounts for 12.9% of the total crypto economy. Eight out of every 10 trades are conducted using st...
USDC frenzy, over $4.4b minted, over $4.2b burned on Feb. 10
The USD Coin (USDC) stablecoin has seen a frenzy of activity on Feb. 10, 2023, with many billions worth of the stablecoin burned and minted on the Ethereum (ETH) blockchain for an increase in USDC sup...
Coinbase Users Converts Over $5 Bn USDC To Fiat In Panic
The U.S. Securities and Exchange Commission (SEC) crackdown against crypto staking has caused panic in the crypto market. In the last 24 hours, Coinbase users have converted nearly $5 billion of Circl...
More Than $2 Billion in USDC Redemptions in 30 Days – Altcoins Bitcoin News
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulatio...
Visa tests USDC payments on Ethereum
Visa has tested how to effectively accept USDC payments on Ethereum This was revealed on Sunday directly by the head of the company’s crypto division, Cuy Sheffield, speaking at the first session of S...
ENS DAO votes to sell $16.5 million of ETH for USDC via CoW Swap
Ethereum Name Service (ENS) DAO delegates have voted to sell 10,000 ether ($16.5 million) from the DAO’s treasury to fund the project’s activities for the next 18 to 24 months. The vote ended wi...
Credit Card Giant Visa Testing USDC Payments on Ethereum
2 hours ago | 2 mins read Altcoin News Visa experimenting USDC stablecoin on Ethereum. Visa will have access to smart contract-based payment options. The credit card giant Visa aims to integrate Ether...
BIT to Utilize Circle’s ‘Fiat To Crypto’ On-Ramp and USDC Settled Products
[PRESS RELEASE – Please Read Disclaimer] BIT will leverage Circle APIs to on-ramp fiat funds into USD accounts on BIT USDC can be used as trading margin 1:1 to USD for USD-margined products on BIT To ...
Circle’s December 2022 Report Says USDC is Overcollateralized
Circle’s collateralized assets are in surplus of the USDC in current circulation. Collateralized assets are held in treasury bills, banks, and other securities. Circle is consulting with stakeholders ...
Key takeaways from Circle’s $44.5B USDC reserve report
USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion worth of tokens currently in circulation. Circle’s December 20...
All Major Stablecoins USDT, USDC, DAI Surging Again, Data Says
Vladislav Sopov Leading on-chain data vendor IntoTheBlock shares inspiring ‘reversal’ statistics for cryptocurrency bulls Contents After 10 painful months, stablecoins started gaining trac...
Maple Finance Reveals $100 Million USDC Liquidity Pool
Maple Finance has launched a receivables financing pool with a credit facility of up to $100 million. The pool has been launched in association with Intero Capital Solutions and will be managed by AQR...
MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault
In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s US...
Circle regarding its USDC crypto
Circle, the peer-to-peer payments technology company, spoke at the WEF, World Economic Forum, about its native crypto, the USDC stablecoin, arguing that it represents “a dollar with super powers.” In...
Circle says USDC ‘is a dollar with super powers’ at WEF, pushes for more inclusion
USD Coin (USDC) founder Circle attended the World Economic Forum (WEF) to explain “why USDC is a dollar with super powers.” The WEF took place between Jan. 16 and Jan. 20, 2023, in Davos and hosted ov...
Coin Bureau Makes Prediction on Circle’s USDC, Issues Stark Warning – Here’s His Outlook
The host of the popular crypto channel Coin Bureau is predicting one US dollar-pegged stablecoin is poised to run the market. Coin Bureau host Guy Turner tells his 2.2 million subscribers that Circle’...
ZKasino is officially live on Mainnet with USDC and BUSD support
ZKasino, the emerging on-chain casino, recently announced its official mainnet launch. Players can now access the betting platform on Polygon using USDC and BNB Chain using BUSD. The platform has rele...
Circle co-founder says a cross-chain protocol for USDC is getting closer to launch
Jeremy Allaire, the co-founder and CEO of Circle, has notified the crypto community that the launch of their Cross-Chain Transfer Protocol (CCTP) is getting closer. CCTP and USDC The CCTP, he explain...
Genesis Transfers Ethereum, USDT, USDC Worth Millions Amid Bankruptcy
Genesis Trading’s lending business Genesis Global Capital filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. Amid the bankruptcy filing, Gen...
Tron Founder Justin Sun’s Address Moves Millions into USDC, What’s Going On
Lookonchain, a data analytics provider, has spotted some USDC and USDT transactions made by Tron founder Justin Sun in the last 24 hours. It notes a transfer of 18.9 million USDC from the Tron founder...