Tag: usd coin (usdc)

Jul 02 2022

Circle’s CEO Quells USDC Fears, States the Company Is Financially Strong

Summary: Circle's CEO has published a Twitter thread quelling fears and rumors that USDC is on the brink of collapse. He added that it is understandable why the crypto community would worry about USDC, given the recent collapse of several crypto projects. He reaffirms Circle is committed to being transparent with its reserves fully backed, and Circle is at the strongest it has...

Jul 01 2022

Rumors of Circle’s USDC Collapsing Should Not be Believed – Crypto Analyst

Summary: There has been a rumor circulating on crypto-twitter that Circle's USDC stablecoin is on the brink of collapse. According to the rumor, Circle is losing money to pump USDC's market cap. Additionally, Circle had exposure to crypto firms experiencing financial woes, including Genesis Trading, BlockFi, Celsius, Galaxy Digital, and Three Arrows Capital. However, Colin Wu has pointed out that the regulatory requirements...

Jun 16 2022

USDC Issuer Circle Announces Fully-Backed Stablecoin – EuroCoin

Circle prepares a second stablecoin backed by euros to meet institutional demand.

May 21 2022

Circle Commits to Weekly USDC Reserve Reports as Stablecoin Jitters Rock the Crypto Markets

Summary: Circle's team has stated it is committed to providing weekly reserve reports for USDCoin (USDC). Tether also issued its latest assurance report on USDT's reserves earlier this week. Both Circle and Tether's commitment to transparency comes in the wake of increased anxiety and scrutiny of stablecoins as a result of UST's massive crash of over 90% The Co-founder and CEO of Circle,...

May 14 2022

Circle’s USDC Stablecoin Reserves are 77.1% in US Treasuries and 22.9% in Cash

Summary: USDC's reserves are 77.1% ($39 billion) in US Treasuries and 22.9% in Cash ($11.6 billion) The reserves are worth $50.6 billion and match the amount of USDC in circulation Circle, the parent company of USDC, is committed to transparency and trust concerning the stablecoin The update on USDC's reserves comes at a time when other stablecoins have depegged from the $1 mark,...

Apr 18 2022

Terra’s UST Climbs Into Top 3 Stablecoins Above BUSD

Terra's UST is now the third-largest stablecoin with a market cap of $17.53 billion after surpassing Binance's BUSD.

Jul 01 2021

USD Coin (USDC) Issued on Tron (TRX) Exceeds $100 Million

Over $100 million in USD Coin (USDC) has been issued on the Tron network According to Tronscan, USDC token supply on Tron currently stands at 108,308,353.05 USDC on Tron is now live across all Circle products including all accounts and APIs The amount of USD Coin (USDC) issued on the Tron (TRX) network has now exceeded $100 million. This milestone was identified and...

Jun 30 2021

USDC To Soon Be Available on Tron, Polkadot, Tezos and 7 More Chains

Centre has announced plans on offering USD Coin (USDC) beyond the Ethereum Network In the coming months, USDC will soon become available on 10 additional blockchains They include Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron USDC is already fully implemented on Algorand, Stellar and Solana USDC's market cap at $25.3 Billion is slowing inching towards Tether's at $62.957 Billion...

Sep 25 2020

Weiss Ratings: Avoid Exposure to Tether (USDT)

In brief: The team at Weiss Ratings has cautioned investors against using Tether (USDT) They cite that USDT is not 100% backed by fiat and Tether is running like a fractional reserve bank They recommend USDC which is subject to constant audits and 100% backed DAI is also an alternative given its transparency via smart contracts The team at Weiss Ratings has provided...

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