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USD Coin (USDC) News



Binance USDC

Binance Stops Supporting the USDC Stablecoin

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Leading crypto exchange Binance revealed stopping support for the second largest stablecoin USDC. According to a press release, the platform will exchange users' holdings to its Binance USD in an automated way. Binance will no longer offer USDC Savings and DeFi Staking options, and all USDC...

USDC

USDC issuer doubts effectiveness of central bank tokens

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Central banks wishing to issue their tokens (CBDC) believe that with the help of an innovative tool, they can modernize the financial infrastructure. However, Circle, which developed the USDC stablecoin, has a different point of view. She estimates that the CBDC will harm the financial system....

USDC USDT

USDC overtakes USDT in capitalization on Ethereum

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The capitalization of the largest stablecoins Tether (USDT) and USD Coin (USDC) exceeds $78.431 billion and $45.432 billion, respectively. At the same time, USDC was recently able to bypass USDT in terms of the value of tokens placed on the Ethereum network - $ 39.92 billion against $ 39.82...

Avalanche Circle usdc

Circle's USDC Stablecoin Now Also Operates on Avalanche

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Peer-to-peer payments technology Circle revealed that its stablecoin USDC started operating on the smart contracts protocol Avalanche. Released in 2018 on Ethereum, USDC is the second-largest stablecoin after Tether and the 7th largest crypto. The coin has a market capitalization of over $41.7 bln....

Maps.me

Maps.me application announces USDC support

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Cryptocurrency company Circle has announced a partnership with startup Maps.me behind the offline navigation service. As part of the agreement, the platform will add support for the USD Coin (USDC) stablecoin. According to the press release, Maps.me users will be able to use stablecoins for instant...

USDC

USDC capitalization breaks another record, exceeding $ 10B

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The rise in the value of stablecoins usually indicates that the demand for cryptocurrency will increase, analysts say. Digital assets backed by fiat money are the main vehicle through which investors enter the crypto sphere. The cap of the second-largest stablecoin, USDC, has been steadily...

USDC

Circle eases to purchase USDC stablecoin for US users

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Circle announced the addition of Automated Clearing House (ACH) payment support, which is going to allow US users to buy USD Coin (USDC) stablecoin and use the Circle API to integrate various products and protocols using USDC. US customers use ACH to transfer funds between regulated banking...

Genesis Global Trading

Circle partners with Genesis Global Trading

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Circle has partnered with Genesis Global Trading, a subsidiary of the Digital Currency Group (DCG), to develop a USDC stablecoin lending product. As part of the agreement, DCG is going to invest $ 25 million in Circle. The CENTER consortium, which includes Circle and the Coinbase exchange, is...

Abra earn crypto

Abra users will be able to earn up to 9% per annum on crypto

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Abra platform added the ability to earn up to 9% per annum on deposits in cryptocurrency and stablecoins. According to the information on the company's website, the stablecoins TrueUSD (TUSD), Tether (USDT), and USD Coin (USDC) bring the greatest returns - 9% per annum. The annual return on...

USDC

Coinbase has reduced rewards for storing USDC stablecoins

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Coinbase has reduced the payment of charges for storing USDC by 88%. So far, Coinbase users have received 1.25% per annum; Since June 3, remuneration has decreased to 0.15%. Coinbase did not name the reasons for this step, but it follows similar actions by large banks - Bank of America, HSBC,...

USDCoin

Amount of USDC in circulation reached a record high

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The number of USDCoins (USDC) in circulation, stablecoin from Circle startup, has grown amid falling markets. On March 14, CEO Circle Jeremy Allair announced reaching 568 million, and on Monday, March 16, the figure exceeded $597 million. 1/ #USDC surging in market demand over the past days,...

A crypto lending startup company BlockFi

Crypto lending startup BlockFi now supports LTC and USDC

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A crypto loaning company BlockFi added Litecoin and USD Coin to its supported assets. It'll allow the users to buy, sell, and get credits backed by the currencies. Zac Prince, the CEO of this startup said, that during this year, their organization aims to add 5-10 new assets, including LTC and...