8 / 13 Relevant items tagged with #USDC
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Shopify Customers Can Now Pay In USDC Via Solana Pay
[Aug 23, 2023 2:23 PM] Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday.
Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
[Aug 22, 2023 3:00 AM] In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally…
Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains
[Aug 21, 2023 2:07 PM] The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.
Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets
[Aug 19, 2023 8:30 AM] In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of…
Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume
[Aug 18, 2023 12:00 PM] For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet…
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
[Aug 11, 2023 11:30 AM] Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly…
Maple Finance secures SEC exemption for on-chain Treasury pools
[Aug 9, 2023 10:20 AM] Launched in April, the USDC pools were previously accessible only to non-U.S. accredited investors.
A Comprehensive Look at the New Paypal Stablecoin, Its Control Dynamics, and ‘Freeze’ Option Trending on Social Media
[Aug 8, 2023 12:30 PM] At the time of writing, the official Paypal stablecoin PYUSD smart contract has been unveiled, and as it stands, the maximum aggregate supply amounts to 26,905,005.66 PYUSD. In spite of the existence of more than 26 million Paypal stablecoins, the…
USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche
[Aug 8, 2023 10:30 AM] The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.
Circle Seeks to Make Crypto Payments Easier With New 'Programmable Wallets'
[Aug 8, 2023 6:37 AM] Circle’s Programmable Wallets platform is available now for developers on Ethereum, Avalanche and Polygon, with plans to expand to other blockchain later this year.
Circle CEO: 70% of USDC adoption comes from outside the US
[Aug 7, 2023 10:50 PM] Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing.
Crypto Adoption: Singapore Red Cross To Accept BTC, ETH, USDT, And USDC
[Aug 7, 2023 12:00 PM] Cryptocurrency payments have been increasingly widespread in recent years, with their use spreading to nearly every market. A use case of cryptocurrencies that has seen particular growth is in crypto donations and the Singapore Red Cross has now…
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
[Aug 7, 2023 8:00 AM] In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its…
Coinbase earnings show the company is now much more than just an exchange
[Aug 4, 2023 2:30 PM] The Coinbase earnings report shows that services and subscriptions are the exchange’s core revenue streams. Is this a positive or a negative?
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
[Jul 25, 2023 11:30 AM] The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding…
Era Lend on zkSync exploited for $3.4M in reentrancy attack
[Jul 25, 2023 10:42 AM] The lending app was drained of funds using a “read-only reentrancy” bug, a type of vulnerability that is often difficult for auditors to spot.
Here’s How Crypto Offers A Lifeline For This Bahamian Payment Company
[Jul 25, 2023 9:30 AM] The Latin American region faces high costs and challenges of traditional settlements, as people sending money to their close ones have to deal with high rates of transfer, and a portion of the population still remains unbanked. However, in a recent…
Will Bitcoin Rebound? This Metric May Be The One To Watch
[Jul 25, 2023 7:30 AM] The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound. Large Stablecoin Holders Have Seen Stagnant Supply Recently According to Santiment, the movements of the…
NY Couple to Forfeit Billions in Crypto and Cash in Plea Deal Over Bitfinex Hack Laundering Case
[Jul 21, 2023 3:30 PM] Ilya Lichtenstein and Heather Morgan, the New York-based couple implicated in the alleged laundering of $4.5 billion in bitcoin pilfered from the 2016 Bitfinex cyber-attack, have reached a plea bargain, as revealed by recent court records. The pair…
Latin American Crypto Firm Bitso Joins Stellar Network to Boost International USDC Payments
[Jul 19, 2023 6:30 AM] Companies from all over the world will be able to make transactions to Argentina, Colombia and Mexico.
USDC Market Cap Drops As Redemptions Climb To $1.4 Billion
[Jul 17, 2023 7:00 PM] As one of the biggest stablecoins, USDC is one of the major players in the crypto industry. However, the stablecoins have seen better days, as the stablecoin has seen its market cap drop drastically over the past few months. The second-largest…
Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’
[Jul 7, 2023 5:30 AM] Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is…
USDC Circulating Supply Down 38% Since Jan. 1 – Will It Affect Price?
[Jul 4, 2023 4:50 AM] USDC experienced a notable decrease in its circulating supply during the weekend, causing ripples of concern within the cryptocurrency market. According to data from CoinGecko, the stablecoin’s circulating supply dwindled by over 2%, falling…
Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June
[Jul 2, 2023 3:30 PM] The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token…
Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg
[Jun 23, 2023 8:19 AM] The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender.
Exploring Crypto Whale Concentration: Unveiling the Rich Lists of the Top 10 Cryptocurrencies
[Jun 22, 2023 12:00 PM] In the past ten years, a myriad of digital currencies have emerged alongside bitcoin, forming a cryptocurrency ecosystem now worth $1.2 trillion. Within this realm, enigmatic figures known as crypto whales have played a pivotal role in the…
Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund
[Jun 21, 2023 12:12 PM] Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.
TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
[Jun 19, 2023 9:30 PM] Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of…