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In May and June, the capitalization of the stablecoin USD Coin (USDC) grew due to the massive influx of investors after the collapse of the Terra ecosystem. The USDC supply topped $56 billion, but it has fallen 12% over the past month. As of October 11, the capitalization of the stablecoin was just...
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...
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....
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...
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....
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...
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...
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...
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 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...
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,...
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 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...
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