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ZachXBT, arguably one of the most renowned on-chain sleuths in the world, just went off on USDC issuer Circle and its CEO, Jeremy Allaire. He called them greedy and indifferent to the crypto community's security.
Circle announces move to New York City, positioning USDC at Wall Street's core.
USDC issuer Circle is facing serious accusations after blockchain sleuth ZachXBT called out the company for allegedly ‘profiting' from transactions linked to the North Korean hacker group Lazarus. ZachXBT, known for his investigative work in the Web3 space, took to social media platform X to criticize Circle and its CEO Jeremy Allaire.
Circle Internet Financial, the company behind the US Dollar Coin (USDC), has announced the integration of the Arbitrum layer-2 scaling chain into its Web3 infrastructure platform.
2025 could bring stablecoins into the mainstream, after 2024 introduced a "turning point year in crypto," according to Circle's Allaire.
Circle integrates its USDC stablecoin with Arbitrum's Layer-2 network, enhancing Web3 tools for developers and expanding USDC's presence in decentralized finance.
It's Circle's latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tether's USDT.
Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin swapped a significant sum of ETH to deposit into a DeFi protocol, with traders predicting a bright future for it. What Happened: Lookonchain data shows that Vitalik Buterin deposited 2.27 million (CRYPTO: USDC) into Aave (CRYPTO: AAVE).
A wallet linked to Vitalik Buterin made a deposit to Aave in ETH and USDC following a period of ETH sales. Buterin claims some of the sales were part of a previously preset CoW Swap liquidation to benefit a bio-defense organization.
China's Digital Yuan has shown remarkable growth, with transaction volumes surpassing $1 trillion, outpacing the combined activity of stablecoins USDC and USDT. This significant milestone comes after more than ten years of development and four years of rigorous pilot testing across 17 regions, as detailed by Lu Lei, the Deputy Governor of the People's Bank
Vitalik Buterin's wallet sold 190 ETH for $442K USDC, fueling speculation. Buterin's address moved 950 ETH at an average price of $2,396.
Brazilian digital bank Nubank has announced the immediate suspension of trading for its native cryptocurrency, Nucoin. This officially ends operations for the token launched in March 2023.
BBVA has integrated stablecoin USDC into its services in Switzerland, allowing institutional clients to manage USDC alongside traditional investments. This move enhances efficiency and enables faster, secure crypto trading. The USDC addition follows previous integrations of bitcoin and ether, expanding BBVA's digital asset solutions for clients.
The crypto asset services of BBVA in Switzerland have integrated stablecoin USDC. BBVA launched the service with Bitcoin and Ethereum in 2021.
BBVA disclosed that the integration of the USDC stablecoin will enable their clients to speed up their trading operations by enabling them to transfer value more efficiently with blockchain.
Spanish banking giant BBVA sweetens its crypto service for institutional clients in Switzerland with USDC integration.
Spain's multinational banking and financial services company Banco Bilbao Vizcaya Argentaria, SA, has expanded its digital asset services by adding USD Coin (USDC) for its institutional and private banking clients in Switzerland. This move follows the successful integration of Bitcoin and Ether into its crypto offerings.
Spanish multinational banking giant BBVA has started offering Circle's USDC stablecoin for its high-profile clients via its Swiss arm.
Spanish bank BBVA said Monday that it expanded its crypto custody and trading services to include USD Coin (USDC) for institutional and private banking clients in Switzerland. This update enables clients to trade, hold or convert USDC into euros, dollars or other currencies almost instantly.
Cryptocurrencies experienced massive losses this week as the “September Effect” started playing out in finance markets. According to renowned cryptocurrency analysts, this recent crash could have been the last shake-out before the 2024 crypto bull run.
Binance will distribute 1,000,000 USDC to FRONT and SLF holders following the token rebranding to SLF, ensuring user feedback and transparency.
TL;DR Binance has launched fixed-rate loans in USDC and FDUSD stablecoins, offering stability in borrowing costs. Loans for USDC have a fixed rate of 7.8%, and for FDUSD, 11%, with a minimum amount of 50,000 for both. Borrowers must repay the full loan amount before the due date to avoid late fees.
Binance's fixed rate loans in stablecoins could enhance financial predictability and stability for users, potentially increasing platform trust and usage. The post Binance to launch fixed rate loans in USDC and FSUSD stablecoins appeared first on Crypto Briefing.
Binance Simple Earn launches a special promotion for new users, offering up to 11.5% APR on USDC, USDT, and ETH Flexible Products.
