Bitcoin’s funding rate flattens, but should BTC bulls rejoice and buy the dips?
[Apr 25 2:00 PM] Bitcoin bulls tend to celebrate when BTC’s funding rate is negative, but is it really a “generational buying opportunity?”
3 / 10 Relevant items tagged with #USDC
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Stripe Brings Back Crypto Payments Via USDC Stablecoin
[Apr 25 12:55 PM] Six years after dropping support for bitcoin and, thus, crypto payments altogether, Stripe is bringing back the service later this summer, though initially only for Circle’s USDC stablecoin.
Turkey tops the world in stablecoin buying share vs. GDP
[Apr 25 7:00 AM] Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.
Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash
[Apr 22 11:22 AM] This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various…
Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation
[Apr 19 2:28 PM] Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to…
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
[Apr 18 12:44 PM] Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.).
Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC
Stablecoin Market Expands by $4.46 Billion in 12 Days
[Apr 12 1:37 PM] In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30…
Ondo Spikes 8% as Ondo Finance Tests Instant Conversion From BlackRock's Tokenized Fund to USDC
[Apr 11 3:55 PM] Stablecoin issuer Circle introduced a new smart contract function earlier Thursday to allow near-instant, around-the-clock redemptions from BlackRock's BUIDL fund for USDC stablecoins.
Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC
[Apr 11 1:16 PM] On Thursday, the financial technology firm and stablecoin provider Circle introduced smart contract capabilities aimed at enabling holders of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL) to exchange their shares for USDC through…
Bitcoin: Will This “Dry Powder” and Historical Trends Fuel A Price Boom?
[Apr 4 2:30 PM] While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading…
Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems
[Apr 4 8:33 AM] Blockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In…
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
[Apr 3 2:45 AM] The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
[Mar 31 8:09 AM] This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March…
Coinbase Sees Largest USDC Inflow Ever, What This Could Mean For Bitcoin
[Mar 29 12:30 PM] On-chain data shows Coinbase has just witnessed its largest USD Coin (USDC) inflow. Here’s why this may be relevant for Bitcoin. Coinbase Has Just Seen A $1.4 Billion USDC Inflow As pointed out by analyst Maartunn in a post on X, a large…
Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins
[Mar 28 7:34 PM] Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other…
Binance to Halt Tron USDC Trading Following Circle’s Move Away
[Mar 25 4:44 AM] Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase…
Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days
[Mar 20 9:00 AM] The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the…
Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B
[Mar 15 10:00 AM] In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days…
Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%
[Mar 3 3:30 PM] The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five…
Stablecoin USDC Is Making a Comeback: Coinbase
[Feb 27 5:22 AM] Total market cap of the dollar-linked coin has increased faster than larger rival USDT's in recent months.
Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players
[Feb 24 11:30 AM] In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days…
Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
[Feb 22 1:30 AM] The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank…
Licenced Stablecoin on/off Ramp Yellow Card to Introduce USDC on Stellar Network
[Feb 15 11:00 PM] The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets. Lightning Fast Transfer…
Solana Mobile Processed Over $20 Million in Payments Using USDC With No Processing Fees
[Feb 15 8:30 AM] Solana Mobile, Solana Labs’ smartphone subsidiary, processed over $20 million in payments in alliance with Shopify and USDC, the second-largest dollar-pegged stablecoin. Anatoly Yakovenko, a co-founder of Solana Labs, explained that 51% of…
Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth
[Feb 14 1:30 PM] Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their…
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
[Feb 7 11:01 AM] Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.
Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth
[Jan 31 8:30 AM] In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in…
Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
[Jan 30 8:11 AM] Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin
[Jan 24 6:30 AM] A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such…