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Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes told Bloomberg. Remittances make up 20% of its GDP.
Established U.S. money-transfer company MoneyGram backs digital assets as the future of remittance. The post MoneyGram CEO Confident in USDC Stablecoin for Cross-Border Payments appeared first on BeInCrypto.
Iagon's Cardano-Ethereum bridge will help interoperability as users will now be able to bridge their USDC from the Ethereum blockchain to Cardano. Bridge Powered by Sidechain Milkomeda The cross-chain bridge, launched by Iagon, will provide a solution to help bridge the world's second-largest stablecoin USDC and ERC-20 IAG tokens from Ethereum to the Cardano network.
MoneyGram is partnering with Stellar Development Foundation to leverage its blockchain to roll out a service that will allow users to seamlessly send and convert stablecoins into fiat, Bloomberg News reported. The post MoneyGram teams up with Stellar to allow users to exchange USDC, fiat appeared first on CryptoSlate.
Cardano ADA/USD is a blockchain network that features smart contracts and facilitates the functionality of decentralized finance (DeFi) whilst also enabling the creation of decentralized applications (dApps). The network even has its own cryptocurrency token, known as the ADA token, which is used to transfer value across the network. The Cardano-Ethereum USDC bridge as a […] The post Is Cardano worth buying after the Cardano-Ethereum USDC bridge? appeared first on Invezz.
USDC from Ethereum can now flow into Cardano
Interoperability on Cardano has risen with the release of Iagon's Ethereum-Cardano bridge
Circle Internet Financial is arguing that the U.S. Federal Reserve should pass on launching its own digital dollar, arguing that it could strangle private-sector efforts such as Circle's to manage their own dollar-based tokens.
The failure of algorithmic stablecoin TerraUSD earlier this month prompted investors to seek refuge in other crypto assets that try to maintain a one-to-one peg with the US dollar. Tether's USDT briefly lost its dollar peg and dropped to 95 cents on May 12 as a result of the subsequent market downturn that shook cryptocurrencies …
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm's […]
After the Tether (USDT) collapsed below $1 recently, all focus has been shifted towards USDC as the investors are reassessing their preference for stablceoin due to USDC's increased market cap. Here are two metrics that pose as proof in regards to the increased demand for USDC. Decreased Liquidity According to the Glassnode data, on the …
Tether [USDT] must surely feel USD Coin [USDC] breathing down its neck in terms of market cap ranking as investors look at the wreckage of TerraUSD [UST] and re-assess their stablecoin preferences. To that end, two metric-based milestones go a long way in telling us about the demand for USDC – and its potential future.
Last week as the Terra blockchain collapsed, the turbulence was felt by the whole cryptocurrency market as the major cryptocurrencies collapsed to its lowest level of 2022. In a week, more than $30 billion in top stablecoins were redeemed as the TerraUSD (UST) de-pegged along with a temporary drop in Tether (USDT). Surprisingly, USD Coin, …
Investors are after recession-proof cryptos to buy, hoping they can weather whatever volatility that may be brewing.
Latest data from Glassnode suggests USDC may be becoming the crypto market's preferred stablecoin over USDT. USDC's Supply Surged Up Recently, While USDT's Plunged Down As per the latest weekly report from Glassnode, USDT has observed a large amount of redemptions recently, taking its supply down.
First came the meme coins. Then, the jpegs.
Every market—including a bearish one—has its winners and losers.
On-chain data shows the USDC exchange reserves have started to trend downwards recently, a sign that buyers may be exchanging the coin for Bitcoin and other cryptos. USDC Reserves On Exchanges Have Fallen Down Over The Past Few Days As pointed out by an analyst in a CryptoQuant post, investors may have started to exchange […]
Yesterday, the 17th of May, the cryptocurrency market was in green with Bitcoin and other major cryptocurrencies trading positively. However, this bullish trend didn't last for long as the bearish trend had escalated during the TerraUSD stablecoin (UST) crash. The world's first cryptocurrency by market cap which had reclaimed $30,000 a few days ago has …
USDC has now become the most purchased cryptocurrency by top-100 Ethereum wallets. Additionally, USDC is the third most-held cryptocurrency.
The vast majority of USDc's reserves are in US bonds which have crashed this year with potentially significant losses for USDc.
On May 13, Circle's chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra's stablecoin implosion. Circle's CFO explained that since usd coin's inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra's Stablecoin De-Pegging Incident Has Cast a Spotlight on […]
Cryptocurrencies are creating unprecedented opportunities for everyone, regardless of their geographical location. Anyone can make investments in crypto, and it doesn't matter their experience, geographical location, or academic qualifications.
A BAYC holder may have sold his Ape NFT for 200 USDC by mistake, but speculators think the seller was trying to evade taxes.
