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Binance transitions its $1 billion SAFU fund to USDC, now representing 3% of the stablecoin's circulating supply, enhancing fund stability and transparency.
Binance, the world's leading exchange by trading volume, has announced the conversion of its Secure Asset Fund for Users (SAFU) fund into Circle's USDC stablecoin.
In a significant move, Binance, the world's leading cryptocurrency exchange, has made a strategic shift in the composition of its emergency fund, opting for the stability of a stablecoin amid a dynamic market landscape. What Happened: Binance has transformed its user emergency fund entirely into USDC, a stablecoin pegged to the U.S. dollar, Bloomberg reported on Thursday.
In a recent unprecedented plot twist, Binance, the world's leading cryptocurrency exchange, revealed that it plans to convert all SAFU assets into USDC, sparking a buzz across the crypto community. In a post shared by the globally renowned CEX on Thursday, April 18, Binance revealed that it aims to bring the SAFU fund stability and
A newcomer has swiftly risen to prominence in the Stablecoin market, challenging the dominance of traditional players like USDT and USDC. USDe, a recently launched stablecoin, has accumulated a market cap of $2 billion in a very short period.
Scheduled for release on April 18, 2024, these new perpetual contracts will introduce trading pairs for ARBUSDC, NEOUSDC, and FILUSDC, providing traders with exposure to a wider range of digital assets. With leverage options of up to 50x and 75x, these contracts offer the potential for amplified gains for those willing to take on additional risk.
Circle is pleased to announce that native USDC is now available on zkSync and accessible to developers and users – no bridging required. Circle Mint and Circle APIs now fully support USDC on zkSync.
Launched recently, the BUIDL fund presents investors with an opportunity to earn returns in U.S. dollars by investing in secure assets such as U.S. Treasury Bills, all represented as digital tokens on the Ethereum blockchain. This innovative approach marks a notable fusion of traditional financial instruments with the efficiency and transparency of blockchain technology.
Circle, a global digital financial technology firm and the issuer of USDC, announced new smart contract functionality that would allow holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC.
Stablecoin issuer Circle just rolled out a new smart contract functionality that enables holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to convert their shares into USDC. The BUIDL is asset management giant BlackRock's first tokenized fund that invests in cash, U.S. Treasury bills and repurchase agreements.
BlackRock's BUIDL fund holders can now instantly convert their shares to USDC thanks to new smart contract functionality from Circle.
BlackRock, the global titan in asset management, has made headlines with its integration of the USDC stable coin into its USD Institutional Digital Liquidity Fund (BUIDL). This bold step underscores BlackRock's commitment to driving innovation, enhancing liquidity, and embracing the transformative potential of digital finance.
Circle, the issuer of the USDC stablecoin, has introduced a new feature enabling the transfer of shares from the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to its stablecoin.
Circle deploys a smart contract for BUIDL holders to exchange shares for USDC.
Stablecoin issuer Circle introduced a new smart contract function earlier Thursday to allow near-instant, around-the-clock redemptions from BlackRock's BUIDL fund for USDC stablecoins.
The financial system is witnessing a transformative change as Circle announces a groundbreaking development. Investors holding shares in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) can now seamlessly exchange their tokenized real-world assets for USDC.
BlackRock's BUIDL fund now allows share conversion to stablecoin USDC for enhanced liquidity.
On Thursday, the financial technology firm and stablecoin provider Circle introduced smart contract capabilities aimed at enabling holders of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL) to exchange their shares for USDC through Circle. Circle Provides BUIDL Off-Ramp This week, Circle announced it is providing a redemption pathway for BUIDL holders through USDC.
Circle will allow the direct conversion of BlackRock's tokenized fund shares into its USDC stablecoin
TL;DR Circle announces new features for clients of innovative BlackRock BUIDL tokenized fund to use $USDC for transfers. The integration allows instant transfers 24/7, boosting the liquidity and efficiency of digital assets. Circle's Jeremy Allaire highlights the importance of tokenization and using USDC to solve investment challenges.
Stablecoin issuer Circle says the dollar-pegged USDC is now available natively on layer-2 Ethereum (ETH) scaling protocol zkSync. In a series of posts on social media platform X, zkSync says that, unlike the USDC that was previously bridged on its platform, native USDC is different.
USD Coin (USDC) issuer Circle revealed a new smart contract feature with BlackRock, marking a significant stride in integrating the maturing crypto market with traditional finance. According to the announcement, the new technology will allow Black USD Institutional Digital Liquidity Fund (BUILD) holders to send their shares to Circle in exchange for USD Coins.
Investors in BlackRock's history-making tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), now have a way to quickly and easily convert their holdings into (CRYPTO: USDC) stablecoin, thanks to a new collaboration between BlackRock (NYSE:BLK) and Circle Inc. What Happened: The stablecoin issuer on Thursday announced the development of a smart contract specifically designed for BUIDL. This innovative technology allows BUIDL investors to seamlessly trade their fund shares for USDC, essentially “cashing out” their investment 24/7 in a near-instantaneous process.
The move lets BlackRock USD Institutional Digital Liquidity Fund (BUIDL) holders transfer their shares to Circle for USDC.
