USDT, USDC, Stablecoins Flowing To Exchanges, Expect More Price Gains?

As crypto prices, spearheaded by Bitcoin and Ethereum, recover and rise to multi-week highs, breaking above critical liquidation levels, on-chain data shows that more stablecoins like USDT and USDC flow to centralized cryptocurrency exchanges.

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The crypto market dropped in May, but June has a silver lining

The top 10 largest whale addresses of stablecoins Dai and USDC show an increased trust level in the two assets amid the UST debacle.

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MoneyGram teams up with Stellar to allow users to exchange USDC, fiat

MoneyGram is partnering with Stellar Development Foundation to leverage its blockchain to roll out a service that will allow users to seamlessly send and convert stablecoins into fiat, Bloomberg News reported.

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No, the UK Is Not Going to Make USDC and USDT Legal Tender

Recent news that the government would legalize stablecoins is a qualified welcome for a GBP-pegged token from a trusted UK issuer.

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Investors Make For Stablecoin Hills As USDT Volume Touches All-Time High

With the market in turmoil, crypto investors are beginning to turn to stablecoins such as USDT and USDC to provide cover from losses. These stablecoins which are pegged to the U. S. dollar have been the obvious winners from the recent crash but it seems that investors are taking it one step further this time around.

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Gensler attacks USDT, USDC, BUSD while Do Kwon takes his 'razor focus to deliver'

The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently goiThe post Gensler attacks USDT, USDC, BUSD while Do Kwon takes his 'razor focus to deliver' appeared first on AMBCrypto.

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Terra-fying war rages as USD Coin [USDC] and Binance USD [BUSD] battle it out

Can you hear the guns being loaded? That's the sound of battle intensifying as there are only three stablecoins holding their places among the top ten cryptos by market cap. These were Tether [USDT], The post Terra-fying war rages as USD Coin [USDC] and Binance USD [BUSD] battle it out appeared first on AMBCrypto.

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Why Investing in Stablecoins is a Great Move: Earn up to 13.86% Interest with Hodlnaut

Looking for high-interest rates on a trusted platform? Investing in stablecoins like USDT, USDC and others is currently providing much higher APYs than similar investments in traditional banks.

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USD Coin [USDC] vs TerraUSD [UST]- Investors can consider this winner

It seems like the armies are gearing up for a battle of stablecoins. Looking at the top ten cryptos by market cap, it's clear that Tether [USDT] reigns supreme. However, USD Coin [USDC] is the fifth bThe post USD Coin [USDC] vs TerraUSD [UST]- Investors can consider this winner appeared first on AMBCrypto.

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Tether (USDT) and USDC stablecoins are being launched on the Cardano blockchain

Since the debut of Tether, stablecoins have existed in the cryptocurrency space, but there have been no notable stablecoins in the Cardano ecosystem until recently. The post Tether (USDT) and USDC stablecoins are being launched on the Cardano blockchain appeared first on CryptoSlate.

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BlackRock to Manage USDc’s $50 Billion as Custodian Stablecoins Go Fractional Reserve

The world’s biggest asset manager has just become a bit bigger still, grabbing USDc’s fiat reserves to asset manage. “With the BlackRock partnership, we are expanding on our existing relationship...

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Terra introduces 4pool for UST, FRAX, USDC and USDT stablecoins

The Terra community continues making efforts to emerge as a leader in decentralized finance (DeFi). The network has announced the launch of “4pool” to support the growth and adoption of UST and the FRAX algorithmic stablecoin.

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USDC Inflow Spikes Up, Will It Act As Dry Powder For New Bitcoin Rally?

On-chain data shows the USDC exchange inflow has spiked up. Historically, stablecoins have provided dry powder for kicking off new Bitcoin rallies. USDC Exchange Inflow Sharply Rose To High Values Recently As explained by an analyst in a CryptoQuant post, almost one billion USDC has flowed into exchanges recently.

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Crypto Biz: Stablecoins are serious business, Feb. 17–24

The stablecoin market continues to grow and diversify: Circle's USDC, Tether's USDT and Terra's UST all made headlines this week.

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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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Is a flip on the cards as USDC crosses $50B milestone, quickly catching up to USDT

Stablecoins, or dollar-pegged crypto assets, comprised around 9.7% of the total crypto market capitalization with a combined market cap of more than $177 billion. That number surged more than 420% siThe post Is a flip on the cards as USDC crosses $50B milestone, quickly catching up to USDT appeared first on AMBCrypto.

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Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors

The threat of stablecoin regulation and USDT and USDC centralization are making decentralized stablecoins like MIM, FRAX and UST attractive to DeFi investors.

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Stablecoin Supply Rose By Over 300% In 2021 – Here’s What Drives Their Meteoric Growth

As the general cryptocurrency ecosystem grew, stablecoins tapped into the spurt to expand by over 300% in the year. The growth of stablecoins in the calendar year is intricately tied to the general popularity of cryptocurrencies, Tether’s USDT and Circle’s USDC are the largest stablecoins in the market with a combined market capitalization of $118 […]

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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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Stablecoins: Terra(UST) reveals liquidity plans; USD Coin(USDC), Tether(USDT) have a lot going on

While Tether [USDT] and USD Coin [USDC] are thought to be the go-to stablecoins in the crypto ecosystem, another coin wants to get to the top. On 30 November, the official account for TerraUSD [USTThe post Stablecoins: Terra(UST) reveals liquidity plans; USD Coin(USDC), Tether(USDT) have a lot going on appeared first on AMBCrypto.

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Tether, Circle hit with information requests from U.S. Senator

They say opposites attract, and this is certainly the case when it comes to stablecoins and regulatory scrutiny. Now, Tether [USDT] and Circle [USDC] are in the spotlight yet again alongside other staThe post Tether, Circle hit with information requests from U.S. Senator appeared first on AMBCrypto.

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How are stablecoins Tether, USDC influencing Bitcoin's price movements

After reaching a market high of $69,000 on 10 November, Bitcoin registered a drop of 15% over the past 10 days. The valuation dropped under the $60,000 threshold and at press time, it is valued at $58The post How are stablecoins Tether, USDC influencing Bitcoin's price movements appeared first on AMBCrypto.

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USDC and other stablecoins are going to balloon up in 2022

Apart from regulating the cryptocurrencies, the other part of this industry, stablecoins were also gaining the limelight. However, the cautionary warning tag has been passed on from crypto to stablecoThe post USDC and other stablecoins are going to balloon up in 2022 appeared first on AMBCrypto.

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USDC issuer Circle supports proposal to regulate stablecoin issuers as banks

"There's a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly," Circle CEO said.

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PiixPay Adds USDT & USDC Stablecoins for Crypto-to-IBAN Payouts

PiixPay, an EU-regulated cryptocurrency payment provider, has introduced two major stablecoins to the list of supported currencies available for instant crypto-to-IBAN transfers. From now on, all PiixPay customers can easily convert Tether (USDT) and USD Coin (USDC) into EURO, along with five other cryptocurrencies already available within the platform.

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USDC issuer Circle 'cooperating fully' with SEC investigation

The United States Securities and Exchange Commission [SEC] has been keenly watching not just stablecoins, but also high-interest crypto-products. In fact, back in September, the SEC also served a WellThe post USDC issuer Circle 'cooperating fully' with SEC investigation appeared first on AMBCrypto.

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Report: Biden administration eyeing regulation of Tether, other stablecoins

Stablecoins like Tether (USDT/USD) and Circle Internet Financial’s USD Coin (USDC/USD) could see bank-like regulations imposed from US President Joe Biden and his administration, sources told The Wall Street Journal.

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How Governments Mining Bitcoin Could De-Risk Cryptocurrency

There’s seemingly a constant conversation, particularly with those involved in legacy financial institutions, about how cryptocurrency can be – to a certain degree – “de-risked. ” Can government mining, or merely taxation structure, address this? While many traditional financial players that are not crypto-first, but are crypto-adjacent (take Visa as a prime example) are relying on the use of stablecoins like USDC as their main pillar of transactions, there are other conversations happening about how crypto risk can be managed.

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US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins.

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Cointelegraph Consulting: Stablecoin activity drops after May peak

Despite the tumble in stablecoin activity, average transactions of stablecoins DAI and UST still exceed those of USDT and USDC.

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MEXC Global Adds Support For Market-Leading Stablecoins USDT and USDC On Algorand

MEXC Global, a Singapore-based cryptocurrency derivatives exchange announced it is now allowing users to transact in their preferred stable coin pegged on the dollar on Algorand. According to the announcement, MEXC is now supporting USDT and USDC.

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BlockFi vs. Coinbase: Who Has the Best Crypto Interest Account?

Cryptocurrency interest accounts make it possible to earn relatively passive income on digital assets like Bitcoin, Ethereum, and stablecoins like USDC and GUSD, and BlockFi vs. Coinbase is a frequent… The post BlockFi vs.

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Tether and USDC Hit Milestones as Stablecoin Growth Continues

Stablecoins like Tether (USDT) and USD Coin (USDC) are still growing despite a large-scale cryptocurrency market downturn. The post Tether and USDC Hit Milestones as Stablecoin Growth Continues appeared first on BeInCrypto.

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USDC v. USDT: Could a 'flippening' be coming soon?

There seems to be no stopping the growth in the supply of stablecoins, but Coinbase-backed USDC, in particular, has reported massive gains this year to become the second-most used stablecoin in the maThe post USDC v.

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USDT, USDC, and BUSD represent 93% of stablecoin market cap

The three largest stablecoins represent a combined capitalization of $60 billion.

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Jeremy Allaire: ‘USDC is halfway to flipping PayPal’

USDC has seen huge growth and is gaining fast on Tether, the king of the stablecoins.

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Stablecoin reserves on crypto exchanges hit new historic high of $10B

Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC.

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Loopring DEX Launches Layer 2 Bitcoin Trading Pools

In a tweet declaring that the exchange has had no Bitcoin trading pairs for so long, Loopring announced the launch of four new pools for wrapped BTC on Layer 2. Traders on the DEX now have access to wrapped Bitcoin, three stablecoins (DAI, USDC, and USDT), automated market maker pools, and order book pairs.

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Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs

Buying in these stablecoins may foretell where the crypto market is going.

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Massive Inflows of Stablecoins Waiting on Sidelines as Bitcoin Hovers Above $33,000

USDC tokens are getting sent to exchanges at a rapid pace amid Bitcoin’s choppy trading streak

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RAMP DeFi Leads The Liquid Staking Race, Opening Ethereum-Based DeFi to Staked Liquidity From Other Blockchains

Participation in the DeFi and staking ecosystems has seen explosive growth over the last year, with the combined sectors currently accounting for over $50 billion in value. DeFi growth was predominantly fueled by the breakthrough success of Ethereum-based projects such as Aave, Compound, and Uniswap, utilizing ERC20 stablecoins like USDC and Dai to generate yield. […]

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Here’s why stablecoins like USDC going ‘legal’ is bullish for DeFi

A landmark announcement for USDC.

The post Here’s why stablecoins like USDC going ‘legal’ is bullish for DeFi appeared first on CryptoSlate.

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Warp Finance loses $7.7 million in flash loan Defi hack

Decentralized platform Warp Finance has suffered a major hack, as the newly launched company loses $7. 7million worth of DAI and USDC stablecoins. The hacker withdrew the said amount from the platform using a flash credit scheme.

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Circle Announces Partnership with Visa to Bring the Benefits of Stablecoins to Businesses Worldwide

Circle today announced a partnership with Visa that will enable businesses around the world to take advantage of the combined strength of USD Coin (USDC),...

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USDC’s ‘Breakthrough’ Use-Case, US Govt. to Distribute Aid to Venezuela via the Stablecoin

With the support and licensing from the US Government, Circle is providing foreign aid through the USDC stablecoin to the people of Venezuela. Circle said, “While this may be the first time, it will no doubt not be the last as global stablecoins firmly arrive on the world stage as a foundational infrastructure in the […] The post USDC’s ‘Breakthrough’ Use-Case, US Govt.

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Matic Network Integrates Chainlink’s Decentralized Oracles And VRF for Growing DeFi Demand

Matic Network became the second native blockchain to integrate Chainlink’s decentralized price oracles after Ethereum. At launch, Chainlink will offer trusted price feeds on five cryptocurrencies against the dollar, including MATIC/USD, ETH/USD, and three stablecoins (USDT/USD, DAI/USD, and USDC/USD).

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DAI's growth is crucial to DeFi, here's why

The stablecoins sector has been working behind the scenes and has been witnessing great growth in 2020. Even though Tether was at the top spot in terms of its supply, DAI and USDC were catching up.

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Will there be a need for stablecoins, once CBDCs are out

Stablecoins are hotter than ever, with Tether’s trade volume surpassing Bitcoin’s by 55% in the past 24 hours. Led by surges in the USDC and USDT, the total number of stablecoin daily active addreThe post Will there be a need for stablecoins, once CBDCs are out appeared first on AMBCrypto.

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Yield farming fuels 623% growth in DAI supply to nearly $1B

Demand for Ethereum-based stablecoins exploded during the third-quarter DeFi bubble, with Dai’s supply growing by more than 600% and USDC expanding 200%.

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