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Stablecoin issuers have been under the radar over the quality of the reserves backing the tokens they issue. Circle Internet Financial LLC (Circle), the issuer of stablecoin USDC, has released its reserves report as of July 31, 2022.
Fiat-based stablecoins are only as good as what is backing the value. As we saw with TerraUSD, a dollar-based algorithmic stablecoin, little was there except hope and mirrors.
Travala wants explorers to enjoy a crypto wanderlust experience accompanied by Travel Tigers NFT.
Searching for cryptos to buy as the Fed continues to raise rates? These 3 have stronger chances of performance.
USD Coin (USDC), a stablecoin developed by Circle, has suffered a great deal from frequent price volatility in the cryptocurrency market. USDC signals drop recently due to massive sell-offs USD Coin exhibits extreme volatility USDC's weekly mean transaction volume peaks at three-year high In actuality, USDC whale addresses likewise appeared to be sending out signals that were identical.
Regular price swings in the cryptocurrency market have had a significant impact on USD Coin (USDC), a stablecoin developed by Circle. In fact, its whale addresses seemed to be flashing similar signals too.
USDC whale holdings percentage is at a two-year low, and it is the result of heavy influence from the frequent price swings in the cryptocurrency market. The current performance of its whales' addresses indicates a southern shift.
The continuous price fluctuations in the crypto market considerably impact the Circle's stablecoin, USD Coin (USDC). The recent performance of its whales' addresses is making a more southern move.
USDC tokens held by the largest addresses have dropped to a two-year low as Circle freezes Tornado Cash-related assets.
On-chain data shows the USDC exchange reserves sharply rose recently, something that could help push Bitcoin back up after the latest drop. USDC Exchange Reserve Observes Sharp Rise In Recent Days As pointed out by an analyst in a CryptoQuant post, the large amount of USD Coin that flowed into exchanges recently could be deployed to act as fuel for Bitcoin.
On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations.
According to reports, crypto investors have converted their USDC stablecoin worth over $1.6 billion to another stablecoin, USDT. This is due to the ripple effect of the latest US sanction on Tornado Cash.
The leading US-based cryptocurrency exchange says that one dollar-pegged stablecoin will play an important role within the transforming financial landscape. In a new blog post, Coinbase says US Dollar Coin (USDC) will be a key component of the broader revolutionary changes as adoption of digital currencies expands.
The deployment brings a Compound III merely one governance proposal away from activation.
OKX now offers the most USDC pairs of any crypto exchangeAugust 17 will see OKX launch ZBC Staking with rewards of up to 80% APYOKX Wallet is targeting an industry leading 50 public chains supported, and has received a positive security assessment from
Investors have moved about $1.6 billion from USDC to rival stablecoin USDT over the past month as regulators in the United States increase scrutiny of the crypto company. Investors have moved about $1.
Investors moved 1.6B from USDC to rival stablecoin USDT over the past month as regulators in the U.S. clamped down on crypto companies. The post Investors Dump $1.6B in USDC for USDT Amid Regulatory Clampdown appeared first on BeInCrypto.
The crypto community has been on alert since the crash of LUNA, ETH, and USDT. Investors depend on stablecoins to hedge against price volatility in the crypto market.
Gregory Klumov, CEO of STASIS – an issuer of a Euro stablecoin, has issued a statement criticizing Circle's decision to freeze USDC that is parked in Tornado.Cash addresses.
The battle between the top two stablecoins continues to see new feuds over land on a monthly basis, each taking turns to strategize their winning plays. So here's the latest fact check on the current state of this ever-lasting competition.
Tether's CTO Paolo Ardoino has identified an increase in USDTs market supply over the last 30 days compared to its rival USDC, which declined over the same period. The post USDT supply up almost $2B over 30 days, USDC supply falls after blocking Tornado Cash linked wallets appeared first on CryptoSlate.
Digital asset platform Anchorage Digital and digital asset venture capital firm AngelList have partnered to enable investors to invest with USDC stablecoin.
Recently, Circle suspended USDC tokens belonging to 38 wallet addresses which were blacklisted by the US Treasury Department. These wallets were of Tornado Cash addresses. Following this, MakerDAO has raised concern about the risks related to USDC.
The co-founder of the Decentralized Autonomous Organization has expressed that he plans to sell $3.5 billion worth of USDC for ETH. DAI Could Depeg MakerDAO co-founder Rune Christensen's decision to sell such a vast amount of USDC for ETH could result in another stablecoin catastrophe.
