USDC depeg – Everything we know so far as contagion spreads from TradFi banking

What we know so far about the SVB collapse and USDC/DAI depeg (updated): Crypto firm Circle reveals $3.3 billion stuck in SVB DAI/USDC depeg as stablecoin pressure continues after Silicon Valley bank collapse Binance suspended USDC conversions due to volatile market conditions Coinbase suspended USDC conversions “over the weekend while banks are closed” SVB contagion: […] The post USDC depeg – Everything we know so far as contagion spreads from TradFi banking appeared first on CryptoSlate.

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USDC Stablecoin Loses Dollar Peg Following Collapse of Major Banking Partner

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Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank

Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday.

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Circle Releases Crucial Update on USDC/Silvergate Issues

Circle managed to move reserves of USD Coin (USDC) stablecoin out of collapsing banking heavyweight

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Banking Giant Goldman Sachs Ranks Bitcoin As World Best Performing Asset

Ahead of Gold, US Treasury, the S&P 500, and others, banking giant Goldman Sachs ranks Bitcoin (BTC) in the top 1 best-performing asset year-to-date, per a Twitter user. Related Reading: MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault According to Goldman Sachs, Bitcoin has outperformed its cryptocurrency pairs and those major financial institutions of the traditional market with a risk-adjusted return (Sharpe ratio) of 3.

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Justin Sun of Tron explains why he’s banking on Binance

Justin Sun, the founder of Tron, recently talked about Binance and explained why he deposited $100 million in USDC despite recent mass withdrawals of assets.

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Banking Circle adds USDC payments and fiat conversion

Financial infrastructure provider Banking Circle said July 8 that it has started offering payment acceptance, process, and settlement in USDC. The post Banking Circle adds USDC payments and fiat conversion appeared first on CryptoSlate.

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Европейский банк Banking Circle начал принимать к оплате стейблкоины USDC

Европейский банк рассказал о растущем клиентском спросе на выплаты в криптовалютах и анонсировал возможность конвертировать фиат в стейблкоины.<br />

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Circle (USDC) Looks to Become the First Stablecoin Issuer with Full Banking License

On Monday, Jeremey Allaire, the co-founder and CEO of Circle, announced his intentions of becoming a global digital currency bank to enable frictionless, instant, and nearly free payments. Launched three years ago, Circle is the issuer of the fast-growing stablecoin USDC, which has a market cap of nearly $27.

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Швейцарский криптобанк Sygnum предложил торговлю и хранение DeFi-токенов

Швейцарский регулируемый криптовалютный банк Sygnum расширил линейку оказываемых услуг, предложив клиентам хранение и торговлю токенами DeFi-проектов. #BreakingNews Sygnum Bank now offers regulated banking services for leading DeFi tokens: #Aave, #Aragon, #Curve, #Maker, #Synthetix, #Uniswap, #1inch, as well as stablecoin, USDC by Circle.

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Circle CEO Jeremy Allaire Slams Tether for Being Unregulated Offshore Banking Solution

Circle CEO Jeremy Allaire openly shreds Tether for its lack of regulatory compliance while celebrating the success of USDC and stablecoins in general

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Nuo Lending Protocol to Launch Neo-bank on Ethereum Called Juno, Offering USDC Interest

A neo-bank is being launched to bring in more users by the pioneers of the lending protocol Nuo. Nuo protocol was founded in 2018 by Ratnesh Ray, Varun Deshpande, and Siddharth Verma. They are now instigating Juno, a digital banking platform.

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.

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Is Crypto-Finance the New Banking? Coinbase and Circle to Blacklist Suspicious IP Addresses for USDC

The rapid launch of several stablecoins offerings in 2018 seems comparable to the ICO boom in 2017, with most price-stable tokens built by premier crypto companies or invested in by venture capital funds.

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Coinbase Custody Receives License from NYDFS, Coinbase Exchange Lists USDC Stablecoin

Coinbase Custody has acquired a license under New York State Banking Law to operate as an independent Qualified Custodian. “Coinbase Custody will operate as a Limited Purpose Trust Company chartered by the New York Department of Financial Services (NYDFS),” reads Coinbase’s latest blog post.

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Coinbase Just Added Its First Stablecoin

Coinbase is integrating its first stablecoin, joining other top exchanges in what has become a listing race to add Tether’s rising competitors. As detailed in an October 23, 2018, blog post, Coinbase has added support for Circle’s USD Coin (USDC).

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As Tether’s Peg Slips, Bitcoin Price Is Distorted Across Market

Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

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