CEXs registered a massive surge in usage and balance after USDC’s de-peg Sustained interest in various CEX tokens also recorded a hike Despite the adverse effects of the USDC situation on variou...
Tag: USDCs
Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank
Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds held with the collapsed bank, Silicon Valley Bank (...
USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework
In November 2021, the President’s Working Group on Financial Markets (PWG) produced a comprehensive report outlining a regulatory framework for stablecoins. The report, led by the U.S. Treasury Depart...
USDC’s De-peg Did Not Influence ETH and BTC’s Prices: Report
Santiment tweeted its latest insights about the USDC fiasco. The report suggested that USDC’s de-peg was a result of artificial FUD. USDC has been able to keep its peg to the US Dollar over the last 2...
Decoding USDC’s current status after an initial fall of 13%
USDC is gradually regaining its $1 peg after the Circle CEO confirmed that its reserves are secure and that the company has new banking partners. Allaire lauded the efforts of the U.S. government and ...
Can Uniswap, Curve and Aave reap the benefits of USDC’s fall
Uniswap witnessed a high surge in activity due to SVB’s collapse. However, its UNI token didn’t see the same growth. The fall of SVB has brought a shockwave to many investors in the crypto community....
Will USDC’s Sudden Collapse Trigger Crypto Market to Crash? Here’s What to Expect from Top Assets
The world of cryptocurrency is known for its volatility, with prices rising and falling on a regular basis. However, the recent collapse of the USDC stablecoin has caused investors to fear that the en...
USDC’s situation is very different from UST’s – Here is a closer look – Cryptopolitan
The stablecoin world is once again facing uncertainty as the world’s second-largest stablecoin, USD Coin (USDC), faces a potential black swan event that could lead to the collapse of the entire stable...
USDC’s Circle Not Behind Action On BUSD News
In the wake of the regulatory action against the issue of BUSD and the involvement of Binance and Paxos in it, Binance CEO CZ spoke to the audience in an Ask Me Anything event on Tuesday. He said Bina...
All you need to know about USDC’s new protocol that developers and users are excited about – Cryptopolitan
Cross-chain bridges accounted for the loss of billions of dollars from crypto hacks in 2022. Circle’s USDC new protocol is a workaround on cross-chain bridges that is cheaper and more efficient. Cross...
BUSD’s supply falls below $20B as USDC’s supply climbs above $45B
Binance USD’s (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals. The withdrawals appeared to have affected ...
How these plans might be instrumental to USDC’s near-term growth
According to a tweet shared on the 3rd of November, Circle’s (The issuer of the stablecoin USDC) cross-chain transfer protocol will go live on Ethereum and Avalanche by the end of this year. The cross...
BUSD Supply Crosses $20B, Cuts Into USDC’s Market Share
Binance USD (BUSD) market cap has been on the rise in the last 30 days. Thanks to Binance’s move to convert deposits of USDC, TUSD, and USDP into BUSD on the exchange. Following the decision, the supp...
What USDC’s diminishing dominance on Ethereum means for the stablecoin
According to a new Messari report, USDC was observed to be losing traction in the stablecoin market. BUSD on the other hand, was witnessing some growth. With new coins entering the stablecoin market a...
USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3% – Altcoins Bitcoin News
19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44....
USDC’s lead over USDT may do little or nothing for the stablecoin because…
USDC and USDT — two renowned stablecoins backed by the fiat currency, USD witnessed quite a few tussles over the years to stand at the #1 mark. While the latter still holds the trophy, USDC participat...
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days – Altcoins Bitcoin News
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most...
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days – Coinotizia
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most...
Analyzing USDC’s falling utility post the Tornado Cash fiasco
‘How tables have turned’ is one of the most common phrases used in this ‘niche’ yet the emerging world of cryptocurrencies. USD Circle [USDC] witnessed the wrath of a dying utility after showcasing it...
Is USDC’s Value Posed to Surpass that of USDT This Year?
As the stablecoin arena gains steam, the supremacy battle between Tether (USDT) and USD Coin (USDC) continues to play out. Arcane Research predicts that the USDC will dethrone USDT at the top stableco...
USDC’s Circle Working Towards US Crypto Bank Charter ⋆ ZyCrypto
Advertisement     Circle has said it is close to filing an application with the OCC for a banking charter. The firm says they are already in talks with the regulators....
BlackRock to Manage USDc’s $50 Billion as Custodian Stablecoins Go Fractional Reserve – Trustnodes
The world’s biggest asset manager has just become a bit bigger still, grabbing USDc’s fiat reserves to asset manage. “With the BlackRock partnership, we are expanding on our existing relationship with...
Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum – Coinotizia
On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stab...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
Stablecoin Represents 2.83% of the Crypto Economy’s USD Value USD value of all the stablecoins today is $178.8 billion Fei usd (FEI), has decreased by 26.3% this past month As the whole part of 12,333...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion – Altcoins Bitcoin News
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the ...
USDC’s ERC20 Issuance total supply topped USDT on Ethereum
The stablecoin USD Coin (USDC) on the Ethereum blockchain is currently supplying 40 billion units, which is more than that of tether(USDT) total supply. The market value of all stablecoins in existenc...
In A First, USDC’s Total Supply On Ethereum Crosses That Of Rival USDT
The USDC stablecoin’s total supply on the Ethereum blockchain surpassed that of the USDT stablecoin for the first time. However, the total USDT supply across blockchains still remains greater than tha...
Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum – Altcoins Bitcoin News
On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stab...
USDC’s supply on Ethereum surpasses that of USDT’s for the first time
The total supply of the USDC stablecoin on the Ethereum blockchain has surpassed that of rival Tether’s (USDT) for the first time. The current total supply of USDC on Ethereum stands at 39.92 bi...