13 / 14 Relevant items tagged with #USDC
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Key takeaways from Circle’s $44.5B USDC reserve report
[Jan 30, 2023 1:59 AM] Circle has released its reserve report for December 2022, highlighting overcollateralized asset holdings currently backing 44.5 billion USDC tokens in circulation.
Circle denies blaming SEC for shuttered $9B plan to go public
[Jan 25, 2023 8:02 PM] A Jan. 25 report from the Financial Times which was widely shared characterized Circle as having "blamed" the SEC for its "jettisoned" public listing plan.
MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault
[Jan 25, 2023 1:00 PM] 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 USD Coin (USDC) in a Yearn Finance…
Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40%
[Jan 21, 2023 12:30 PM] On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m. Eastern Time on Saturday. The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar. Bitcoin’s price rise…
Ethereum Gas Fees Spike as ETH Value Rises: Average Onchain Fees Jump by More Than 50%
[Jan 18, 2023 7:30 PM] While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the network’s average and median-sized gas fees have increased by more than 50%. On the first day of 2023…
Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment
[Jan 17, 2023 6:30 AM] Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non-fungible token) technology to accept cryptocurrency as a means of payment for its services. The company enlisted the aid of Criptan, a…
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
[Jan 16, 2023 4:30 AM] A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would…
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023
[Jan 10, 2023 6:30 PM] The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing…
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
[Jan 5, 2023 11:30 AM] According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor…
BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022
The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg
[Dec 28, 2022 9:30 AM] 2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23…
More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse
[Dec 27, 2022 6:30 AM] For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356,848 bitcoin and 4.48 million ether were…
Why USDT Is Plunging While Other Stablecoins Are Not
[Dec 26, 2022 11:50 PM] Stablecoin adoption has grown immensely, observed especially following the collapse of Terra. USDC and USDT have seen sizeable growth, but USDT has a lot of keeping up to do with its value plunging as of press time. USDT trades at $0.09999 as of…
Optimism Sees Spike In USDC And USDT Transactions Eclipsing $1 Billion
[Dec 25, 2022 10:19 PM] 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 Optimism chain seems to be unrivaled and…
Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot
[Dec 22, 2022 6:30 AM] Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent…
UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War
[Dec 17, 2022 1:30 AM] The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the…
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month
[Dec 16, 2022 2:30 PM] While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of…
Stellar partners with UNHCR to give Ukrainian refugees cash via USDC
[Dec 15, 2022 7:04 PM] One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects.
Only 1% of people can handle crypto self-custody right now: Binance CEO
[Dec 14, 2022 8:17 PM] Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange.
Bitso Partners With Felix Pago to Offer Whatsapp-Based Remittance Services Between Mexico and US
[Dec 14, 2022 3:30 AM] Bitso, a Latam-focused cryptocurrency exchange, has partnered with chat-based payments provider Felix Pagos in order to offer Whatsapp-integrated remittances. The objective of this partnership is to put nearly instant chat-based remittances in the…
Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish
[Dec 13, 2022 3:31 PM] Pro traders aren’t buying ETH’s recent rally to $1,350 and data shows they expect Ether price to retrace if Fed chair Powell takes a hawkish tone on Wednesday.
Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months
[Dec 7, 2022 9:00 AM] Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of…
Don’t Forget the Importance of Censorship Resistance
[Nov 28, 2022 11:30 PM] Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer…
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months
[Nov 28, 2022 9:00 AM] During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its…
Tether vs. USD Coin on-chain data reveals two very different stablecoins
[Nov 23, 2022 9:28 AM] The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.
EverEarn Ethereum Blockchain Public Presale With USDC Rewards
[Nov 18, 2022 12:00 PM] PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, blockchains congesting, and investors hunkering down for more…
Total crypto market cap drops to $850B as data suggests further downside
[Nov 11, 2022 2:29 PM] The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence.
Major stablecoins destabilized as market volatility and redemptions surge
[Nov 10, 2022 10:24 PM] Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.