Circle Rolls Out USDC Cross Chain Transfer Protocol For Ethereum And Avalanche Networks

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Circle introduces cross-chain USDC protocol

Stablecoin issuer Circle announced on April 26 the mainnet launch of its cross-chain transfer protocol with support for two blockchains. Circle launches CCTP The product, called Cross-Chain Transfer Protocol (CCTP), allows developers to easily move the USDC stablecoin between Ethereum and Avalanche.

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Circle Unveils New Method for Moving USDC Between Blockchains

The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail.

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Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche

The new protocol burns coins on the sending chain, and mints new ones on the receiving chain.

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Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield

The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.

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Will MakerDAO's new changes instill confidence in DAI? Examining...

MakerDAO has a new proposal to introduce changes to its PSM operations. DAI's supply has dwindled since USDC's de-pegging, due to a lack of demand.  Leading decentralized finance protocol, The post Will MakerDAO's new changes instill confidence in DAI? Examining... appeared first on AMBCrypto.

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MakerDAO’s emergency proposal triggers 26% MKR price plunge

The Maker (MKR) token dropped 26% in value within a week following the news of an emergency proposal to address the DeFi protocol's $3.1 billion USDC exposure, raising concerns among investors and stakeholders.

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EUL token down 52% after the $200 million Euler protocol exploit

Hackers stole almost $200 million from Euler protocol on Monday. USDC accounted for a majority of the stolen tokens. Euler Labs is currently working to recover the funds. Euler protocol is facing a different threat from the crypto firm collapses, crypto lawsuits, and crypto-related bank shutdowns that have plagued the crypto space in the recent […] The post EUL token down 52% after the $200 million Euler protocol exploit appeared first on CoinJournal.

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What GMX's 'swift action' means for the state of the protocol, its token

GMX issues statements about the volatility that could impact the protocol in the near future Interest in both the protocol and the token remains high The USDC saga has taken the crypto-markeThe post What GMX's 'swift action' means for the state of the protocol, its token appeared first on AMBCrypto.

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DAI was flawed from the beginning says DeFi founder

Andrey Shevchenko — the founder of decentralized finance (DeFi) protocol Zircon Finance — shared his view that MakerDAO's (MKR) so-called "decentralized stablecoin" DAI's (DAI) introduction of USD Coin (USDC) as collateral was an attempt to plug a hole in a flawed system.

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DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC

Curve's 3pool is supposed to have equal parts USDC, DAI and USDT. The trio are becoming imbalanced amid fallout from Silicon Valley Bank's collapse.

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Circle (USDC) Launching Cross-chain Transfer Protocol: What This Means for Snowfall Protocol (SNW), Polkadot (DOT), and other Cross-chain Bridges? 

Coinspeaker Circle (USDC) Launching Cross-chain Transfer Protocol: What This Means for Snowfall Protocol (SNW), Polkadot (DOT), and other Cross-chain Bridges?  Circle, one of the founders of USDC cryptocurrency, is launching an on-chain utility to allow users to transfer USDC from one blockchain to another.

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MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance

The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.

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Circle co-founder says a cross-chain protocol for USDC is getting closer to launch

Jeremy Allaire, the co-founder and CEO of Circle, has notified the crypto community that the launch of their Cross-Chain Transfer Protocol (CCTP) is getting closer. 

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Paxos wants to up USDP collateral backing for MakerDAO’s DAI stablecoin

Paxos has proposed a partnership with MakerDAO that will essentially increase the Paxos dollar (USDP) backing for the DAI stablecoin issued by the Maker protocol. Before it, Maker collaborated with Gemini, where the latter’s Gemini dollar (USDC) stablecoin was also…

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DeFi protocol Ankr says ex-employee behind $5 million exploit

Ankr says a former employee exploited the protocol via a supply chain attack. The attacker stole $5 million from the protocol after minting 6 quadrillion aBNBc tokens and finally swapping them into USD Coin (USDC).

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Router Protocol’s Circle integration makes USDC interoperable

Router Protocol, a cross-chain infrastructure platform designed to allow communication between blockchains, has integrated Circle’s Cross-Chain Transfer Protocol to make the stablecoin USD Coin (USDC) interoperable.

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DeFi Protocol Ankr Exploited for Over $5M

The attacker was able to mint 6 quadrillion aBNBc tokens, which they eventually turned into around 5 million USDC

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DeFi Protocol Ankr to Reimburse Users Affected by $5M Exploit

The attacker was able to mint 6 quadrillion aBNBc tokens, which they eventually turned into around 5 million USDC.

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Circle expands support of Euro Coin to Solana

Circle, the issuer of USD Coin (USDC) and Euro Coin, is expanding access to Cross-Chain Transfer Protocol, its new permissionless cross-chain infrastructure, the global fintech firm announced during Solana Breakpoint today.

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SOL price forecast after Google Cloud becomes validator and Circle adds support

Google Cloud made an announcement that it is running a validator on the Solana (SOL/USD) blockchain and will add features that will welcome new developers and node runners. USD Coin (USDC/USD) issuer Circle announced that it will launch Euro Coin (EUROC) and cross-chain transfer protocol on Solana in the first half of 2023.

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USDC Issuer Circle Adds Solana Support, But SOL Price Falls 10%

USDC issuer Circle is beefing up its Solana support in the first half of 2023 with the Euro Coin (EUROC) project and access to its Cross-chain Transfer Protocol. The post USDC Issuer Circle Adds Solana Support, But SOL Price Falls 10% appeared first on BeInCrypto.

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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 crossThe post How these plans might be instrumental to USDC's near-term growth appeared first on AMBCrypto.

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MakerDAO approves custody of $1.6 billion USDC via Coinbase Prime

The MakerDAO community has approved a proposal that will see the crypto protocol custody as much as $1. 6 billion USD Coin (USDC) with cryptocurrency exchange Coinbase. The USDC will be held via Coinbase’s institutional custody platform Coinbase Prime, and offer a yield of 1.

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MakerDAO (MKR) Votes on $1.6B USDC Coinbase Deposit Amid Centralization Concerns

MakerDAO (MKR) is planning to deposit $1. 6 billion in USDC on Coinbase Prime to earn a yield of 1. 5% per year. A poll on the proposal is three days away from closing. Analysts are worried the decision could set the DeFi protocol on the path to centralization.

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CryptoSlate Wrapped Daily: Bitcoin volatility lower than Dow with another Fed rate hike of 75 basis points looming

The biggest news in the cryptoverse for October 21 includes the likelihood of the Federal Reserve increasing the interest rates by another 75 basis points in early November, the emergence and price surge of two new meme coins created out of a joke from Vitalik Buterin, and Circle and Axelar’s new protocol seamlessly allowing USDC […] The post CryptoSlate Wrapped Daily: Bitcoin volatility lower than Dow with another Fed rate hike of 75 basis points looming appeared first on CryptoSlate.

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USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens

The decentralized, permissionless cross-chain platform Axelar and USDC creator Circle have announced the Cross-Chain Transfer Protocol, which looks to revolutionize cross-chain transfers across the crypto industry.

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Mango Markets hacker proposes steep settlement

The Solana DeFi protocol suffered a $117 million exploit on Oct. 11, and the hacker wants 70 million USDC for a "bug bounty."

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The Dollar Can Be a Protocol for the Future of Money

USDC's stablecoin-fueled model of money, in which the dollar functions as an open “protocol,” could allow innovation to flourish. But healthy competition is a prerequisite.

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Circle Expands USDC Stablecoin to Five New Chains, Unveils Cross-Chain Transfer Protocol

Circle aims to bolster USDC’s market position as competition with rival issuers Tether, Binance is heating up and decentralized finance platforms are crafting their own native stablecoins.

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DeFi protocol Phuture launches USDC earn product

Phuture’s Earn Product for USDC is powered by DeFi protocol Notional Finance. Users can… The post DeFi protocol Phuture launches USDC earn product appeared first on CoinJournal.

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MakerDAO confirms Merge threat to cut down USDC but there’s more

DeFi protocol, MakerDAO [MKR], updated the risks it could face as a result of the Ethereum [ETH] Merge. Recall that the crypto lending project had initially highlighted some threats in August. DesThe post MakerDAO confirms Merge threat to cut down USDC but there’s more appeared first on AMBCrypto.

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$371K in USDC stolen in an Avalanche flash loan exploit

Avalanche-based lending protocol Nereus Finance was hacked and $371K in USD Coin (USDC) was… The post $371K in USDC stolen in an Avalanche flash loan exploit appeared first on CoinJournal.

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MakerDAO’s Christensen Pushes “Endgame Plan” to Save DAI From Attack

The proposal addresses Rune Christensens previous concerns about authoritarian risks to MakerDAO protocol and the amount of USDC backing DAI. The Endgame Plan DAI cannot remain a stablecoin forever, according...

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Solana-Based DeFi Protocol OptiFi Loses $661K in Programming Blunder

OptiFi, a Solana-powered DeFi protocol that focuses on derivatives, accidentally closed its mainnet platform in a programming blunder, locking away $661,000 in USDC.

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Why Aave Will Submit Address Censorship To A Community Vote

In a report from TheBlock, the team behind the Ethereum (ETH) protocol Aave addressed the concerns about their address screening process. The decision to partner with compliance firm TRM Labs has been gaining a lot of attention after several high-profile personalities were blocked from accessing the platform.

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Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC

Circle’s USDC has “blacklisted” all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department’s sanction against the protocol. The post Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC appeared first on CryptoSlate.

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US Treasury sanctions USDC and ETH addresses connected to Tornado Cash

The protocol was at the center of some recent hacks and exploits in decentralized finance, including the alleged theft of $455 million by the North Korea-affiliated Lazarus Group.

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Best places to buy Tidal Finance (TIDAL) coin: it’s up 60% today

The price of Tidal Finance (TIDAL) coin is rallying today after Tidal Finance announced the Perpetual Protocol cover purchase. Perpetual protocol users will get protected for depositing USDC and they can adjust the cover amount anytime.

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Yet Another Ethereum-based DeFi Protocol Suffers $180 Million Exploit

The attacker reportedly flashloaned 350M $Dai, 500M $USDC, 150M $USDT, 32M $Bean, 11.6M $LUSD 2 from three dexes before adding the amounts to Curve.fi with BEAN for the governance voting.

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XRPL-built crypto platform GateHub adds ERC20 assets: USDC, USDT, WXRP, and GALA

GateHub, a cryptocurrency platform built on XRP Ledger protocol, announced today that it has added support for 4 new crypto-assets, all of which are ERC20 tokens. USDC, USDT, WXRP, and GALA are newly listed and can be traded for free for the next 90 days.

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In A Turbulent Market, UST Growth Continues

UST has been establishing itself as an emerging leader in stablecoins, solidifying the token in the third-place position behind USDT and USDC, and the leader in decentralized stablecoins. A new report from Delphi Digital demonstrates that some of the latest news and developments in the Terra ecosystem are leading to substantial growth in UST adoption – including the new Mars Protocol and Terra’s new ‘LFG’ formation.

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Polygon Acquires Mir Protocol Developer for 190 Million MATIC & $100 Mln USDC

Polygon is acquiring the startup Predicate Labs, the developer of the Mir blockchain protocol, for $500 million. The project will pay $100 million worth of USDC stablecoins and 190 million MATIC tokens, equivalent to just over $400 million at current prices.

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Hop Protocol запускает «мост» для USDC между Ethereum, Polygon и xDai

Разработчики протокола Hop для взаимодействия решений второго уровня Эфириума, запустили «мост» для стейблкоина USDC между Ethereum, Polygon и xDai.

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DeFi Protocol Cream Finance To Launch On Polygon

Decentralized lending protocol Cream Finance is set to launch on the Ethereum layer 2 scaling solution network, Polygon. Cream To Roll Out Ten Digital Assets At Launch According to the announcement published by Cream, the integration with Polygon would enable users to lend and borrow ten digital assets, such as USDC, USDT, DAI, WMATIC, LINK, […] The post DeFi Protocol Cream Finance To Launch On Polygon first appeared on BitcoinExchangeGuide.

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MiMo DeFi Protocol: World’s first decentralized lending platform to mint euro stablecoin PAR

Lock up your WBTC, ETH and USDC to mint PAR tokens and earn high-yield APYs through Liquidity Mining Pools. Singapore, 26 March, 2021 - MiMo DeFi has recently revamped its Web App and Wallet with aThe post MiMo DeFi Protocol: World’s first decentralized lending platform to mint euro stablecoin PAR appeared first on AMBCrypto.

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A Look at The DYP Staking dApp and Other Upcoming Features

DeFi Yield protocol (DYP) is a revolutionary project that rewards liquidity providers directly in Ethereum. All rewards from supported tokens (DYP/ETH, DYP/USDC, DYP/USDT, and DYP/WBTC POOL) are distributed transparently and fairly.

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Coinbase and Circle Launch Major Upgrade in USDC 2.0; Stablecoin Sees ‘Unprecedented Adoption’

Coinbase and Circle, the members of the Centre Consortium, has announced a major upgrade to the stablecoin USD Coin (USDC) protocol and smart contract. Launched in September 2018, this regulated stablecoin saw an “unprecedented adoption” during the pandemic, surpassing $1.

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USDC 2.0 Introduces “Gasless Sends” to Tackle Skyrocketing Ethereum Gas Fees

Members of the Centre Consortium — Circle and Coinbase – have unveiled USDC 2. 0 to tackle notorious Ethereum network gas fees. Circumventing Ethereum Gas Woes U. S. -based cryptocurrency exchange Coinbase and P2P payments technology firm Circle have launched a new USDC stablecoin with several upgrades to the underlying protocol and smart contract.

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