Investors withdraw $350m worth of ETH, USDT, USDC from KuCoin
KuCoin users have withdrawn a massive amount of Ethereum (ETH), USDT and USDC from the exchange over the past 24 hours.
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KuCoin users have withdrawn a massive amount of Ethereum (ETH), USDT and USDC from the exchange over the past 24 hours.
Coinbase wants to optimize its management process by storing more of its USDC holdings on Base.
Coinbase is set to store more corporate and customer USDC balances on Base, the Ethereum layer 2 it incubated.
Coinbase announced a significant shift of USD Coin (USDC) stablecoin accounts to its Ethereum layer-2 blockchain, Base.
Coinbase announces the transfer of customer and corporate USDC balances to its Ethereum layer-2 blockchain, Base. This move is expected to improve fund management and security while reducing fees and settlement times.
Max Branzburg, the Vice President of Coinbase, has announced plans for Coinbase to migrate a greater number of customer and corporate accounts holding the USD Coin (USDC) stablecoin.
Binance's decision to cease Tron USDC support was communicated through a statement indicating that the change would take effect by April 5. However, transactions involving USDC via other supported networks, such as Ethereum, remain unaffected by this decision.
Coinbase plans to transition more customer and corporate Usd coin (USDC) stablecoin accounts to Base, its Ethereum layer two blockchain, aiming for reduced fees and quicker settlement times, as announced by Coinbase VP Max Branzburg.
Coinbase's move on-chain will carve a path toward a future on-chain financial system, claimed Bankless podcast co-host David Hoffman.
Coinbase said that it will store a greater amount of USDC on its Base network on March 26. Max Branzburg, Vice President of Product, announced the change on X.
American cryptocurrency exchange Coinbase is introducing more functionalities to its Layer-2 protocol Base Network, a feature that includes the storage of its user's USDC balance. Exchange Hints Base's New Functionality Max Branzburg, Vice President, Head of Consumer Products at Coinbase took to X to announce the next step that the company is taking with regards
Circle has deployed its Cross-Chain Transfer Protocol (CCTP) on the Solana (SOL) mainnet, allowing users to bridge USD Coin (USDC) across different blockchains. The CCTP uses the mint & burn mechanism to enhance USDC transfer across various networks.
Circle, the company behind the widely-used stablecoin USDC, has announced a significant expansion. It has launched its Cross-Chain Transfer Protocol (CCTP) within the Solana blockchain environment.
Circle, the issuer of popular stablecoin USDC, has partnered with Solana to bring its cross-chain transfer protocol to its blockchain ecosystem.
Binance is also facing some global challenges as the Philippines blocks access to the exchange over license issues and CommEx, its Russian successor, shuts down.
Binance, a leading cryptocurrency exchange, announced its decision to discontinue support for Tron network-based USD Coin (USDC) stablecoins by April 5, as revealed in a statement on March 25.
In response to escalating regulatory pressures and an impending blockade by the Philippines Securities and Exchange Commission (SEC), Binance, a prominent cryptocurrency exchange, has announced the cessation of support for Tron network-based USD Coin (USDC) stablecoins.
Binance will discontinue minting USDC on the Tron network by early-April.
Crypto exchange Binance said it would end support for Tron network-based USD Coin (USDC) stablecoins by April 5, according to a March 25 statement, following recent news Circle is pulling out of the Tron blockchain entirely.
The ongoing regulatory scrutiny of Tron (TRX) and Justin Sun by United States agencies has led to the end of an era of Circle's USDC in TRC20 standard.
Binance to end support for the USDC token on Tron network.
Binance plans to halt USDC transactions via the Tron (TRC20) network starting from April 5, 2024, at 02:00 UTC.
TL;DR Binance ceases support for deposits and withdrawals of USDC on the Tron network (TRC20), following a similar decision by Circle. Circle argues that the measure aims to maintain the trust and security of the stablecoin.
Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC's trust, transparency, and safety.