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The world's largest stablecoin issuer, Tether, minted an additional $1 billion worth of USDT on the Tron network in the past 11 hours. At the same time, Circle also minted another 250M USDC on the Solana network.
A wallet later confirmed to belong to David Portnoy lost up to $5.34M from LIBRA. Later, the wallet received a compensation of 5M USDC.
Coinbase CEO Brian Armstrong said the firm aims to challenge Tether's position as the reigning stablecoin issuer by making USDC “number one."
Solanas bridge platforms have exceeded $10.1 billion in total inbound volume since 2021, marking a 114% increase from $4.7 billion recorded up to February 2024, according to Flipside Crypto. This surge highlights Solanas growing role in cross-chain transfers.
Aston Martin Aramco Formula One Team has partnered with cryptocurrency platform Coinbase in a multi-year deal fully paid in USDC stablecoin, marking a first in Formula One history.
Coinbase secures a sponsorship deal with Aston Martin F1, paying entirely in USDC. The partnership highlights the growing role of stablecoins in sports sponsorships, offering lower costs and borderless transactions. The post Coinbase Partners with Aston Martin F1, Pays Entirely in $USDC appeared first on Cryptonews.
Aston Martin Aramco Formula One Team has announced a multi-year partnership with Coinbase, marking Coinbase's debut in Formula One. The deal is notable for being fully transacted in USDC (USDC), a stablecoin pegged to the U.S. dollar.
Aston Martin's Formula One team will sport Coinbase branding this season, with the deal uniquely paid entirely in USDC.
Circle's USDC has surpassed its previous peak from 2022 and recovered from its market capitalization collapse triggered by a regional bank run in 2023.
Circle's USDC stablecoin has reached an all-time high market capitalization of over $56 billion, signaling renewed growth in the stablecoin sector. The surge comes as decentralized finance (DeFi) activity picks up, particularly on the Solana blockchain, boosting USDC adoption and demand. Over the past month, USDC added $10.
With $98.53B in weekly transactions and a $1.17B net outflow, whales are accumulating, fueling DeFi and OTC trading.
USDC and USDT minting accelerated in the past weeks, providing a bullish signal for crypto markets despite declining token prices.
Binance turned into the biggest market for USDC, as traders flocked to swap out their USDT. The rapidly growing stablecoin answers the demand for regulated assets in the Euro area.
Can Tether still sleep peacefully? USDC rises to $56.3 billion, wipes out its losses, and makes its way to the table of the big players.
Binance decreased its corporate reserves, moving or reallocating some of its excess BTC, ETH and SOL reserves. Some of the funds shifted to USDC.
Circle's USD Coin (USDC) has regained its losses from the bear market, reaching a market capitalization of $56.3 billion as of Feb. 10, according to CoinMarketCap.
The stablecoin market as a whole has seen significant growth, with USDC's circulation increasing by 78% year-over-year.
Circle's USDC stablecoin has reached a $56.3 billion market capitalization, erasing losses sustained during the bear market.
The Japanese securities giant SBI has posted record crypto profits as it aims to win the race to become the first crypto exchange in the country to list USD Coin (USDC). The post Japan's SBI Posts Record Crypto Profits; Aims for Nation's First USDC Listing appeared first on Cryptonews.
USDC's market cap has reached $56 billion, marking a new all-time high for the stablecoin. With the milestone, Circle's USD-pegged stablecoin continues the positive momentum that has seen its supply increase by 100% year over year.
USDC, Circle's once-battered stablecoin, has finally officially pulled off a full recovery from the disaster of FTX's collapse. Its market cap is back at $56.2 billion, matching what it was before the crypto giant fell apart in November 2022, according to data from CoinMarketCap.
Circle, the company behind one of the leading stablecoins, minted $250 million worth of USDC today, on February 7. Issued on Solana, the amount represents a US dollar inflow into the crypto ecosystem, hinting the bull market is back.
Nowadays, bank transfers are slow, fees are high, and some platforms don't even support international payments. That's where Hurupay, built on Base, comes in.
Yesterday, Republican Senator Bill Hagerty introduced a new bill in the Senate regarding stablecoin regulation.
