Voyager redeems $150M of USDC to fiat through Circle

Arkham Intel has reported that Voyager has initiated converting its USDC holdings into fiat currency by redeeming $150M via Circle’s service, also reporting that Coinbase had transferred $150 million in USDC to Circle. дальше »

2023-3-29 16:37

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USDC takes a gamble on Cosmos Hub: How did ATOM react

Circle announced the launch of USDC on Cosmos Hub. ATOM witnessed a surge in prices, volume also rose. Circle's USD Coin [USDC] was on the receiving end of a lot of volatility over the last The post USDC takes a gamble on Cosmos Hub: How did ATOM react appeared first on AMBCrypto. дальше »

2023-3-29 13:30

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USDC is bouncing back with smart contract surge, here's why

USDC experienced an increase in its supply of smart contracts, reaching a six-month high of 42.08%. USDC is more extensively utilized for smart contract-related transactions than other stablecoThe post USDC is bouncing back with smart contract surge, here's why appeared first on AMBCrypto. дальше »

2023-3-28 23:00

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USDC woes far from over as market cap draws down- Is USDT leading

USDC’s loss becomes USDT’s gains after market events in March. The tides are calm for now but there might still be more stablecoin risk ahead. Roughly two weeks have passed since USDC loThe post USDC woes far from over as market cap draws down- Is USDT leading appeared first on AMBCrypto. дальше »

2023-3-27 02:30

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MakerDAO Maintains Trust In USDC Despite Depeg Debacle

MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.   Although USDC experienced a temporary depeg earlier this month, an overwhelming majority of the MakerDAO have chosen to retain their faith in the world’s second-largest stablecoin, dismissing any other viable options. дальше »

2023-3-26 07:15

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Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed. дальше »

2023-3-24 19:58

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Xapo Bank to enable USDC deposits and withdrawals

According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees.

2023-3-23 00:51

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Nimiq adds gas-abstracted USDC transactions on Polygon

Nimiq is the first non-custodial wallet to implement gas-abstracted USDC for Polygon Gas abstraction is an innovative feature that allows blockchain users to pay required network fees using whatever token they hold in their wallet. дальше »

2023-3-23 18:43

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USDC issuer Circle issues warning about hacked executive account

Stablecoin issuer Circle has warned its community about a fake USD Coin (USDC) airdrop on the Twitter account of its chief strategy officer and head of global policy, Dante Disparte. The post USDC issuer Circle issues warning about hacked executive account appeared first on CryptoSlate. дальше »

2023-3-22 18:41

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Circle CSO’s Twitter account breached by scammers

“Any links to offers are scams. We are investigating the situation and taking action accordingly,” wrote USDC issuer Circle.

2023-3-23 16:42

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USDC issuer Circle seeks regulatory approval in France amid US banking troubles

USD Coin (USDC) issuer Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France — expanding its operations in Europe. The post USDC issuer Circle seeks regulatory approval in France amid US banking troubles appeared first on CryptoSlate. дальше »

2023-3-22 20:45

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USDC issuer Circle offered $3 billion emergency backstop from Coinbase

Coinbase reportedly offered a $3 billion credit facility to USDC issuer Circle Internet Financial. The credit facility was to guarantee full liquidity for the stablecoin following the collapse The post USDC issuer Circle offered $3 billion emergency backstop from Coinbase appeared first on AMBCrypto. дальше »

2023-3-21 11:15

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SBF legal fees, BTC market cap flips Meta and USDC climbs back to $1: Hodler’s Digest, March 12-18

Sam Bankman-Fried seeks to use FTX’s corporate insurance, Bitcoin outperforming Wall Street banks in 2023 and USDC repegs after turbulent days. дальше »

2023-3-20 22:14

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On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg

Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to $0.88 amid banking concerns in the U.S. дальше »

2023-3-17 15:10

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Scam warning: Circle phishing campaign promises fake USDC DeFi swap

A phishing campaign falsely promising access to a new USDC DeFi trading platform emerged on social media on March 16. The post Scam warning: Circle phishing campaign promises fake USDC DeFi swap appeared first on CryptoSlate. дальше »

2023-3-17 02:27

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USDC Minting And Redemption Backlog Almost Cleared By Circle

USDC stablecoin investors panicked when Circle announced its exposure to the shuttered banks, and Circle’s latest report on USDC Reserves and attestation from Deloitte, the global audit company, confirms the connection. дальше »

2023-3-17 21:30

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USDC Survives Silicon Valley Bank Collapse and Clears Backlog

Circle, the issuer of USDC, announced that they had cleared all the backlog of minting and redemption. The stablecoin got depegged over the weekend. The post USDC Survives Silicon Valley Bank Collapse and Clears Backlog appeared first on BeInCrypto. дальше »

2023-3-17 18:01

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Can Circle [USDC] turn things around with new plan? All you need to know

USDC regained its peg after Circle moved quickly with new banking partners. USDC demonstrated signs of demand and volume recovery. Circle faced its toughest week so far this year after USD CThe post Can Circle [USDC] turn things around with new plan? All you need to know appeared first on AMBCrypto. дальше »

2023-3-16 09:30

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Circle clears ‘substantially all’ minting and redemption backlog for USDC

The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.

2023-3-16 05:01

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Justin Sun traded USDC fear after SVB collapse

At the height of USD Coin (USDC) panic — when news broke that much of its backing was stuck in recently-collapsed Silicon Valley Bank — Tron (TRX) founder Justin Sun traded millions of USDC. дальше »

2023-3-16 00:28

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House Financial Chair Puts Skids on Stablecoin Regulation After USDC Depeg

Rep. Maxine Waters said in a recent interview that she would prioritize the passage of a stablecoin bill after the depegging of USDC last week. The post House Financial Chair Puts Skids on Stablecoin Regulation After USDC Depeg appeared first on BeInCrypto. дальше »

2023-3-16 23:20

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Here's what debtors were up to when USDC fell on the charts

USDC losing its peg pulled down the markets, but many saw it as an opportunity to pay loans at a discount Debtors saved around $100 million off their loans during the market rout As the crypThe post Here's what debtors were up to when USDC fell on the charts appeared first on AMBCrypto. дальше »

2023-3-15 01:00

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Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging

USDC depegged over the weekend to 89 cents, and a Buterin-labeled wallet may have bought the dip. дальше »

2023-3-14 12:07

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When USDC broke, Ethereum co-founder Vitalik Buterin bought

Blockchain data shows that Ethereum blockchain co-founder Vitalik Buterin acquired more USD Coin (USDC) at the maximum height of the panic surrounding the backing of the stablecoin. дальше »

2023-3-14 00:56

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Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period. дальше »

2023-3-14 22:12

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Circle’s USDC Regains $1 Peg After Tumultuous Weekend

After breaking its peg over the weekend and trading as low as $0.87, Circles USDC stablecoin is now at $1 again. 1 USDC for $0.87 All eyes are on USDC... дальше »

2023-3-14 19:03

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$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%

Traders using decentralized finance (DeFi) protocols to bet on a USDC revival over the weekend are at risk of eight-figure liquidations if the stablecoin loses its $1 peg again this week. дальше »

2023-3-14 18:07

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Curve Finance achieves record $7b in daily trading volumes

Curve finance just achieved a new trading ATH amid the depeging of USDC. Despite this, Circle has announced a new automated USDC minter amid US watchdogs movin to intervene in the latest market saga. дальше »

2023-3-14 15:14

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Circle says USDC operations unaffected by SVB, Signature closures

The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations. The post Circle says USDC operations unaffected by SVB, Signature closures appeared first on CryptoSlate. дальше »

2023-3-13 13:45

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USDC and BUSD breathe a sigh of relief, thanks to Biden administration

U.S. government comes to the rescue of failed banks. However, BUSD and USDC continue to suffer. The crypto community, in general, criticized the government's bailout. Over the last few days,The post USDC and BUSD breathe a sigh of relief, thanks to Biden administration appeared first on AMBCrypto. дальше »

2023-3-13 13:30

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Decoding USDC's current status after an initial fall of 13%

USDC is gradually regaining its $1 peg after the Circle CEO confirmed that its reserves are secure and that the company has new banking partners. Allaire lauded the efforts of the U.S. governmeThe post Decoding USDC's current status after an initial fall of 13% appeared first on AMBCrypto. дальше »

2023-3-13 11:13

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100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank

The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable to being shut down by authorities in less than 48 hours. дальше »

2023-3-13 06:12

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USDC bounces back toward $1 peg after Fed announcement

Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg. дальше »

2023-3-13 03:24

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Assessing Tron CEO Justin Sun's take on SVB saga and USDC depegging

Justin Sun revealed his thoughts on the USDC depeg and was worried about its impact. TRX bounced courtesy of accumulation during its brief dip into oversold territory. Tron founder and CEO JThe post Assessing Tron CEO Justin Sun's take on SVB saga and USDC depegging appeared first on AMBCrypto. дальше »

2023-3-13 21:30

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Is Circle's USDC Stablecoin Crisis a Blessing in Disguise for Bitcoin?

The recent crisis surrounding Circle's USD Coin (USDC) stablecoin may have inadvertently boosted Bitcoin, as people are turning to it to achieve a synthetic USD due to the collapse of USDC дальше »

2023-3-13 16:51

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USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3. 3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC. дальше »

2023-3-13 14:39

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Decoding the latest USDC update- Are USDT and DAI safer bets

Circle's new statement revealed that USDC was 100% collateralized with the majority of its holdings collateralized through U.S. treasury bills. Many investors sold their USDC, some, however, boThe post Decoding the latest USDC update- Are USDT and DAI safer bets appeared first on AMBCrypto. дальше »

2023-3-12 14:28

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USDC Regains 7% After Depeg, Circle Pledges to Cover Reserve Shortfalls

USDC rallied to as high as $0.98 following news that its issuer Circle promised to cover any shortfall in its reserves. The post USDC Regains 7% After Depeg, Circle Pledges to Cover Reserve Shortfalls appeared first on BeInCrypto. дальше »

2023-3-12 13:11

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Op-ed: Why the USDC depeg is not a reason to panic

The following is a guest post by Anndy Lian.

The post Op-ed: Why the USDC depeg is not a reason to panic appeared first on CryptoSlate.

2023-3-13 01:00

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Stablecoins rally as Circle announces it will cover all USDC redemptions 1:1

Quick Take On Saturday, March 11, Circle CEO Jeremy Allaire announced that Circle pledges to cover any shortfall in the assets backing USDC if it does not receive the entirety of a $3. 3 billion cash reserve held at Silicon Valley Bank. дальше »

2023-3-13 00:34

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Worst Time to Swap USDC Is Now: Top VC Investor Dovey Wan on Market Panic

Primitive Crypto founder Dovey Wan explains why it might be too early to panic amid USDC depegging from U.S. Dollar дальше »

2023-3-12 19:37

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Binance And Coinbase Temporarily Suspend USDC Conversion After Silicon Valley Bank Collapse

The two biggest cryptocurrency exchanges, Binance and Coinbase, have revealed that they would temporarily suspend USDC conversions on their platforms. This comes in the aftermath of the collapse of US lender Silicon Valley Bank and concerns about its effect on USDC. дальше »

2023-3-11 16:20

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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. дальше »

2023-3-11 16:10

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USDC depegs as Circle burns $2.34b in 24 hours

USD Coin (USDC) has depeged from its $1 intended peg to trade as low as 81.5 cents. Meanwhile, Circle has burned $2.34b in USDC over the last day дальше »

2023-3-11 15:07

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USDC Is In Trouble, But It Won’t Go To Zero Like UST Did – Here’s Why

USDC, the stablecoin tracing the USD, is under immense pressure as users rush to convert to other assets, including BUSD by Paxos and USDT by Tether Holdings. USDC Has De-pegged As USDC’s market cap rapidly shrinks, primarily because of mass exits, there has been a de-peg. дальше »

2023-3-11 14:06

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Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents

Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows. дальше »

2023-3-11 14:02

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XRP Used as Solution by Blockchain Financial Service to Convert Funds During USDC Depeg

USDC was still below dollar peg at $0.918 at time of writing дальше »

2023-3-11 13:32

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USDC de-pegs, Kraken CEO wonders if the market is losing trust in US products

By Mar. 11, USDC, a stablecoin, de-pegged, falling to as low as $0.89 during the Asian session, trackers reveal дальше »

2023-3-11 13:31

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USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank

The USDC stablecoin lost its $1 peg after its issuer Circle said it has $3.3 billion stuck in the embattled Silicon Valley Bank. The post USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank appeared first on BeInCrypto. дальше »

2023-3-11 12:12

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Circle stablecoin USDC depegs to under $0.90

USD Coin (USDC/USD) has fallen below $0. 90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank.   The cryptocurrency news this Saturday also sees major cryptocurrencies, including Bitcoin and Ethereum struggle with selloff pressure near $20,000 and $1,400 respectively. дальше »

2023-3-11 11:40

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