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In the world of stablecoins, Tether USDT was the king until the crash. Since then, others have fought seriously to take the position.

The much-talked-about fight between the stablecoins continues to see new daylight. Especially, with the ongoing feud between USD Coin (USDC) and Tether's (USDT).

Amid the ongoing intense battle between the two biggest stablecoins, Tether (USDT) made a major announcement. At the press time, USDT holds a market cap of over $65.8 billion.

One of the more unsettling events in the stablecoin sector occurred in May when Terra's UST lost its 1:1 dollar peg. Chaos resulted from the de-peg, which also utterly destroyed Terra's legitimacy.

As the stablecoin arena gains steam, the supremacy battle between Tether (USDT) and USD Coin (USDC) continues to rage on.

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The stability of Stablecoins has been the biggest question in the crypto industry after the recent collapse of Terra's UST. However, many different stablecoins are trying hard to fill the gap made due to it.

The USD Coin technical score of 23 proposes a bearish signal emerging for the coin and now the price is set at $0.999137 or down by 0.2% in the past week as we can see more today in our USD Coin news.

USD Coin price is currently trading at $0.999137, down 0.2 percent in the last seven days, data from Coingecko show, Saturday.  USDC hit its all-time high three years ago or on May 8, 2019, at $1.17.

CNBC's MacKenzie Sigalos explains the two highly used stablecoins USDC and Tether as scrutiny over the security of stablecoins grows in the wake of TerraUSD's crash.

Xago, a South Africa-based blockchain payment platform, announced today support for EUR with the launch of its latest stablecoin – XEU – backed 100% with fiat. XEU enables purchases, transfers, and payouts in euros, securely, compliantly, and within minutes.

For years, Circle seemed like an unfocused mess. But making the USDC stablecoin more transparent and regulated than the competition is paying off in a massive way.

Before it expired, the offer stood at approximately 10x the amount of the domain's last sale.

USDC stablecoin providers Circle say it is expecting its public listing to take place some time in the fourth quarter of 2022.

As Congress mulls stablecoin legislation, Circle is laying out its wishlist.  The post USDC issuer Circle lays out its hopes for coming stablecoin policy appeared first on The Block.

Catch up on the latest crypto market news at The Currency Analytics.

Co-Founder and CEO of Circle, Jeremy Allaire has announced the release of the company's first monthly USDC reserve report for the month of June

A recent blog post from Circle reveals that the company is holding USDC assets worth $55.7B. The USD Coin holdings consist of cash and US treasuries worth $13.58B and $42.12B, respectively.

Circle has provided full disclosure of the reserves backing the USDC stablecoin. This is the first time that the stablecoin issuer is providing this disclosure.

Stablecoin issuer Circle is unveiling a full breakdown of its USD Coin (USDC) reserves as part of its commitment to increase transparency. According to a new company blog post, Circle is issuing its first ever monthly breakdown of USDC reserve assets to demonstrate the stablecoin's full backing and peg to the US Dollar.

The Circle USDC issuer disclosed their reserves and proved that the company is actually liquid and showed that its stablecoin is fully backed by physical dollars as we can see more today in our latest Circle news.

Circle's latest report follows a move from fellow stablecoin issuer Paxos last week to release a detailed breakdown of all assets held in reserve.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. The Crypto World team explains what sets USDC and Tether apart from TerraUSD.

CoinFLEX has announced the resumption of crypto exchange trading services. However, withdrawals will be limited to 10% of user funds as 90% of all users' assets are locked.