Tag: usdc

Jan 25 2023

DAI, USDC and USDT deposits and withdrawals available on the Polygon Network!

Jan 25 2023 Published at Kraken Blog under tags  announcements dai matic products usdc

We’re thrilled to announce that Kraken now supports deposits and withdrawals of Dai (DAI), USD Coin (USDC) and Tether (USDT) on the Polygon Network! Polygon is a Layer 2 scaling solution for Ethereum that aims to improve the speed and reduce the costs and complexities… The post DAI, USDC and USDT deposits and...

Jan 23 2023

Japan to allow stablecoins for trade by June 2023

Jan 23 2023 Published at Coinscreed under tags  japan news stablecoins trading usdc

In the sequel of its plan to lift the ban on foreign stablecoins like USDT, the Financial Service Authority in Japan is expected to approve new legislation by June 2023, which will allow the use of certain stablecoins for trading. According to a local financial body, Japan's new legislation permitting investors to trade using stablecoins […] The post...

Dec 17 2022

Crypto To The Rescue: Why The UN Is Sending War-Torn People In Ukraine Aid In Stablecoins

A growing number of human rights organizations from around the world are turning to crypto and blockchain technology as a remedy to challenges in underdeveloped or conflict-torn countries caused by a lack of financial infrastructure or insufficient identity verification. Through a new blockchain-based humanitarian program, the Office of the UN High Commissioner for Refugees (UNHCR) will send...

Dec 15 2022

Buy The Dip? Stablecoin Whale Addresses In Strong Accumulation

Dec 15 2022 Published at Coingape under tags  altcoin news bitcoin whales busd news usdc

On Wednesday, December 14, the broader cryptocurrency market came under...

Dec 14 2022

Stablecoin Exit Of 2022: $14.3 Billion Redeemed Since March

Dec 14 2022 Published at Bitcoinist.com under tags  binance usd bitcoin btc btcusd busd

2022 has been the year of mass exit from stablecoins as more than $14.3 billion has been redeemed from these tokens since March. Total Stablecoin Supply Is Down 8% From March 2022 Peak According to the latest weekly report from Glassnode, the stables observed expansion throughout 2020 and 2021. The relevant indicator here is the "stablecoin supply...

Binance Passes Withdrawal ‘Stress Test’ After $3B in Daily Outflows

Solvency fears around the world’s largest crypto exchange appear to have been put to rest – at least for the time being. On Tuesday, Nansen reported that Binance witnessed its highest level of...

BUSD’s supply falls below $20B as USDC’s supply climbs above $45B

Dec 14 2022 Published at CryptoSlate under tags  binance busd stablecoins tether usdc

Binance USD's (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals. The withdrawals appeared to have affected BUSD's supply as it dropped below $20 billion for the first time since climbing above it in September when Binance...

Dec 13 2022

Binance clarifies USDC withdrawals were due to token swap, replenishing hot wallet

Dec 13 2022 Published at CryptoSlate under tags  binance exchanges usdc

Binance CEO Changpeng 'CZ' Zhao blamed banks for the exchange delay in processing USD Coin (USDC) withdrawals in a Dec. 13 tweet....

Dec 09 2022

Coinbase asks users to convert their USDT to USDC for free

Dec 09 2022 Published at CryptoSlate under tags  busd exchanges stablecoin stablecoins usdc

Coinbase is incentivizing its users to convert their Tether (USDT) holdings for USD Coin (USDC), according to a Dec. 8 blog post. Switch to a trusted...

Dec 05 2022

Stablecoin usage remain high despite crypto winter

Dec 05 2022 Published at CryptoSlate under tags  busd stablecoin stablecoins usdc

Reflexity Research cofounder Will Clemente tweeted on Dec. 5 that stablecoins were one of the few crypto use cases that have found product market fit despite the current market condition. Stablecoin aggregate volume reaches ATH Citing Glassnode data, Clemente said stablecoin's growth was evident in several areas. This included the aggregate volume reaching an all-time high despite the crypto winter. The Glassnode chart...

Nov 23 2022

Hackers steal $42M from Fenbushi Capital founder’s wallet

Nov 23 2022 Published at CryptoSlate under tags  hacks usdc usdt

General partner at Fenbushi capital Bo Shen tweeted on Nov. 23 that malicious players stole $42 million from his personal wallet on Nov. 10. A total of 42M worth of crypto assets, including 38M in USDC were stolen from my personal wallet ending in 894 in the early morning of November 10 EST. The stolen assets are personal funds and do not affect...

Nov 16 2022

USDC Issuer Circle Rolls Out Support for Apple Pay

Key takeaways: USDC stablecoin issuer Circle has launched support for Apple Pay Apple Pay integration makes it easier for crypto-native businesses to accept payment from customers that don’t use crypto...

USDC Stablecoin Issuer Circle Has Allowed Businesses To Use Apple Pay

Nov 16 2022 Published at Bitcoinist.com under tags  btcusd btcusdt circle crypto news usdc

USD Coin Issuer Circle has mentioned that Apple has now allowed and enabled crypto payments that will be using stablecoin on their payment platform. Merchants who accept the USDC will now be able to do so with the help of Apple Pay. It will be now possible to interact with Apple Pay for merchants who are open to accepting Circle's USDC...

Nov 11 2022

Market volatility and redemptions destabilize major stablecoins

Nov 11 2022 Published at Coinscreed under tags  ftx market analysis stablecoins tether usdc

Almost all significant stablecoins lost their dollar pegs after the FTX scandal, but most have gained them again as markets have stabilized. Stablecoins have been affected by this week's significant market volatility, which was brought on by the failure of the FTX exchange, with many of them momentarily de-pegging. The fall in cryptocurrency prices this […] The post...

Nov 09 2022

Why Did Binance Delist USDC?

Nov 09 2022 Published at Altcoin Buzz under tags  binance product release & updates usdc

Stablecoins make up around 15% of all crypto. With a current global crypto market cap of $948 billion, that's $142.5 billion. With such a market share for stablecoins, competition is stiff. As a result, Binance favors its own stablecoin, BUSD. Binance ditched three stablecoins in September 2022. This included the world's biggest stablecoin by market cap, USDC. So, let's find out why this...

Tether, Circle deny exposure to FTX, Alameda

Nov 09 2022 Published at CryptoSlate under tags  alameda circle ftx stablecoins tether

The issuers of the two largest stablecoins, Tether and Circle, have distanced themselves from the FTX situation, saying they have no exposure to the struggling crypto exchange or Alameda Research. Tether distances self Tether’s CTO Paolo Ardoino said in response to a Wu Blockchain tweet that the USDT issuer had no exposure to FTX or Alameda....

Circle’s USDC And Tether Are Safe Amid FTX Mayhem, CEOs Confirm

Nov 09 2022 Published at Bitcoinist.com under tags  binance circle ftx tether usdc

Amidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects similar to the demise of Celsius and Terra Luna could loom. At that time, other well-known companies such as...

Nov 08 2022

BUSD supply dominance grows as USDT’s supply drops 4%

Nov 08 2022 Published at CryptoSlate under tags  busd cricle stablecoins tether usdc

Binance USD (BUSD) is the best-performing stablecoin among the top three stablecoins, as its supply dominance increased by 6% on the year-to-date metrics to 16%. The Binance-backed stablecoin has seen its supply grow from $18 billion at the start of the year to $22 billion as of press time. Its growth was largely pushed by Binance's decision to convert the USDC...

Nov 07 2022

Circle’s Euro-Backed Stablecoin, Euro Coin, To Be Launched on Solana in Early 2023

USD Coin issuer Circle has announced that its recently launched Euro-backed stablecoin Euro Coin will available on Solana. The company published a press release on November 6, stating that the Euro Coin would arrive on the Solana network in early 2023. The press release highlighted that native support of Euro Coin and access to the Cross-Chain Transfer Protocol would happen on Solana in...

FTX stablecoin reserves plunge as community fears bankrun

Nov 07 2022 Published at CryptoSlate under tags  alameda exchanges ftx usdc usdt

The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. FTX stablecoin outflow leads other exchanges As reported by The Data Nerd, Nansen data...

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