The Ethereum Name Service (ENS) DAO is considering a proposal to sell 10,000 ETH for USDC via a Gnosis Auction. The governance proposal submitted on Jan. 18 seeks to diversify the ENS DAO Treasury. Cu...
Tag: USDC
Bitcoin stays above $21,000; Silvergate, Coinbase pare earlier gains
Silvergate and Coinbase popped at the open after the crypto-friendly bank reported earnings as traditional markets were mixed. Bitcoin was trading at $21,300 at 10 a.m. EST, up 2.3% over the pas...
Waves DEX users panic as USDT and USDC disappear
Waves DEX users have been complaining that they can’t withdraw USDT or USDC from the exchange. On the Waves blockchain explorer, withdrawals of USDT and USDC seem to be working normally but users are ...
Wormhole attackers transfer $2.9m USDC to a new wallet address months after hack
Wormhole Network exploiters have transferred $2.9m USDC to a new ethereum (ETH) wallet based on a report by crypto security site, Mistrack. Over 120,000 ETH were stolen in early February 2022 from Wor...
USDC Outpaces USDT’s Transfer Volume, Check Out What’s Happening
Contents USDT vs. USDC But what motivated this event? Stablecoins are assets considered refuges in a cryptocurrency bear market. Investors need to protect their capital when the bears are dominant, an...
Planet Mojo Partners With Community Gaming for Inaugural ‘Mojo Bowl’ Tournament, Competing for a $5,000 USDC Prize Pool
January 13, 2023 – Boston, Massachusetts Planet Mojo, the highly anticipated Web 3.0 gaming metaverse developed by Mystic Moose, today announces its first public tournament for Mojo Melee, the studio’...
Crypto Wallet of FTX Sister Firm Alameda Research Receives $30M USDC
Recently, Alameda Research crypto wallet got $30 million in USDC stablecoin. Alameda has $167 million in the said wallet, comprising stablecoins, ETH, and others. FTX plans to sell nonstrategic invest...
USDC adoption on Ethereum grows post-FTX collapse; USDT remains flat
After a brutal sequence of events led to the collapse of several crypto-related firms in 2022, FTX’s bankruptcy dealt a massive blow to public trust in centralized crypto entities. During this period ...
Circle increases reserves for USDC
The news provided by Circle itself in its latest report about the management of the fledgling reserve fund is well received by investors in both the stable USDC and the crypto world in general, who se...
Circle invests 30% of its USDC reserves in US treasuries through a reserve fund
According to a disclosure page published by BlackRock, Circle has invested 30% of its USD reserves in the US Treasury via Circle Reserve Fund, which is managed by BlackRock. The value of the fund inve...
Nearly 65% of USDC reserves are held as US Treasury Bills
According to Circle’s most recent reserve report, around 65% of all USD Coin (USDC) reserves are held as US treasury bills. Circle held $43.4 billion in USDC reserves to back 43.23 billion USDC in cir...
Circle invests $13b, or 30% of USDC reserves, in US treasuries
BlackRock’s disclosure page reveals Circle has put 30% of its USDC reserves, equivalent to approximately $13b, on the money market fund. Circle advances on stablecoin transparency. Stablecoin USDC is...
Huobi Experiences Sudden 64% Spike in USDT, USDC Withdrawal Volume
Nansen data reveals Huobi users have cashed out over $60.9 million within 24 hours. The figure represents over 64% of its total $94 million outflow over seven days. The 24-hour trading volume of Huobi...
Wallet associated with Justin Sun moves $100 million to Huobi
A wallet associated with Tron founder Justin Sun moved $100 million of stablecoins to crypto exchange Huobi. Two transactions took place at 11:10 a.m. UTC, moving $50 million each of USDC and USDT, as...
Zero USDT, USDC, BUSD, and TUSD Printed in December 2022: Analysis
Stablecoins have continued to play a very critical role in the crypto economy. The ongoing bear market also demonstrated that dollar-pegged coins like USDT and USDC witnessed a parabolic growth in mar...
What is USD Coin (USDC), fiat-backed stablecoin explained
USDC offers instant payments, saves users from the cryptocurrency market’s price volatility and is audited by a regulated auditing firm, making it a transparent stablecoin. However, it does ...
Optimism Sees Spike In USDC And USDT Transactions Eclipsing $1 Billion
Optimism blockchain network has recently noticed an enormous uptick in both USDC and USDT transactions which have eclipsed $1 billion. What seems to have caught people’s attention is the fact that the...
Binance Addresses Mazars Saga, USDC Withdrawal Halt and Other ‘FUD’ Amid Heightened Crypto Exchange Scrutiny
Binance is addressing the fear, uncertainty and doubt (FUD) centered around crypto exchange platforms after the high-profile downfall of FTX. In a new company blog post, the world’s largest digital as...
Stablecoin Dominance Retreats From November Record High
Stablecoin dominance is retracing slightly after reaching record highs as FTX went bust last month. A collection of more than 30 value-pegged tokens, led by Tether’s USDT and Circle’s USDC, were altog...
Whale Amasses 21K ETH with 26M USDC Received from BNB Bridge Exploiter
– Advertisement – The whale address had received the $26M worth of USDC in a series of four recent transactions made from the BNB Bridge Exploiter address. An Ethereum whale purchased up t...
Optimism sees a surge in USDT and USDC transactions, decoding ‘why’
Optimism recently saw the volume of USDT and USDC transactions on its network surpass $1 billion. The price and active address, however, show convergence as its TVL continues its growth. Recently, the...
UN To Use Stellar (XLM) Network and USDC to Stabilize Ukraine Refugees
Russia sent a cluster of missiles on Ukrainian cities yesterday. The UN will use the Stellar Network to help Ukraine. Ukraine has received a lot of donations in crypto assets. USDC To Help in Ukraine’...
Why Stellar [XLM] chose USDC to power its new aid initiative?
Stellar Development Foundation announced its partnership with UNHCR to help refugees in Ukraine. The decision to go with USDC might be due to USDT’s recent woes. On 15 December, the Stellar Developm...
Can Stablecoins Revolutionize Foreign Aid? The UN Thinks So.
If only stablecoins had been around in the late aughts. The likes of USDC and USDT would have provided a viable — and, potentially, game-changing — alternative for cash aid disbursements in Iraq and A...
Stellar partners with UNHCR to give Ukrainian refugees cash via USDC
Humanitarian groups have increasingly used blockchain technology to solve problems with lack of banking or inadequate identity verification in developing or war-torn nations. Two new projects have bee...
UN to send displaced Ukrainians USDC to convert into local currencies
Through a new blockchain-based humanitarian program, UNHCR would send stablecoin USDC to displaced Ukrainians and others affected by Russia’s invasion of Ukraine. The UN Refugee Agency is turning to ...
Binance Converts All USDc to bUSD Paxos Confirms – Trustnodes
The stablecoin wars appear to have began with a most interesting revelation coming out of the Proof of Keys test of Binance, which is still sort of on-going. Austin Campbell, the Head of Portfolio Man...
Binance Announces Resumption Of USDC Stablecoin Withdrawals
Cryptocurrency exchange Binance has announced that it is resuming USDC stablecoins after temporarily pausing requests for several hours. The halt in withdrawals was announced as the world’s largest c...
Binance halts USDC withdrawals amid $1.9bn outflow
UPD: Binance resumed withdrawals of the USDC on Dec. 13, according to the company’s Twitter. On Dec. 13, Binance announced that it had temporarily paused withdrawals of USDC, a dollar-pegged stablecoi...
Binance resumes USDC stablecoin withdrawals after temporary pause
Binance has resumed processing withdrawal requests of the USD Coin (USDC) stablecoin after pausing them for several hours. Binance, the world’s largest cryptocurrency exchange platform by ...
Osmosis To Add Stablecoin Liquidity to Cosmos
The largest decentralized cryptocurrency exchange (DEX) on the Cosmos interchain will soon have its very own version of the Curve 3pool. Osmosis will be starting up pools to facilitate stablecoi...
Binance Pauses USDC Withdrawals, Here’s What’s Happening
Yuri Molchan Binance has halted withdrawals of USDC stablecoin, CZ promises they will be restored soon Contents USDC withdrawals from Binance on pause Investors moving their funds off Binance, CZ blam...