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The Web3 SuperApp, Kresus, has just expanded its crypto cashout service to enable customers to withdraw funds of up to $100,000 into their bank accounts, without incurring any transaction fees.
A recent report from S&P Global highlighted the unpredictability of what are supposed to be the digital currency world's safe havens — stablecoins. Analysts Dr.
Stablecoins from Circle and MakerDAO have been less stable than those from Tether and Binance in the last couple of years, states a new S&P Global report.
The new toolkit allows USDC to be the ultimate gas token on any blockchain.
Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global.
Visa, a long-established heavyweight in the financial world, is taking a transformative step into the cryptocurrency domain. Recognizing the expansive potential of digital currencies, the company is integrating Solana blockchain and the USDC stablecoin to enhance its cross-border payment system. The primary objective behind this move is to expedite global transactions.
USDC's outflows were averaging around $25 million a day through August, but Circle's chief economist says that the stablecoin provider is maintaining better liquidity coverage than most US banks.
In a significant move that has sent ripples through the cryptocurrency world, Coinbase, the San Francisco-based cryptocurrency exchange, has once again upped the ante by announcing an increase in the interest rates offered to holders of its USD Coin (USDC). The annual percentage yield (APY) on USDC holdings has been raised to an impressive 5%, a noteworthy improvement from the 4% rate introduced earlier this year.
Rewards for holding such coins are regulatory compliant. The Coinbase move comes following confirmation that stablecoins are not regarded as unregistered securities offerings.
Coinbase is now offering up to a 5% interest rate on any USDC held on the exchange, up from the 4% introduced earlier in the year. Based on historical data from the company's website, the increase marks an impressive 150% bump from the 2% reward rate on USDC that was active as of June 9.
Circle has executed a strategic move that has reduced the circulation of its USDC stablecoin by a substantial $200 million.
In a recent revelation, Michael Barr, a vice chair for supervision at the US Federal Reserve, has voiced apprehensions over the growing influence of unregulated stablecoins pegged to the US
Is this the game-changer USDC enthusiasts have been waiting for as Circle and OKX partner up to increase accessibility?
Users can now transfer native USDC from the Arbitrum market to different chains via Circle's cross-chain transfer protocol (CCTP), without needing to bridge back to Ethereum.
The partnership also includes an integration of Circle's Cross-Chain Transfer Protocol (CCTP) with the OKX DEX aggregator to enable USDC cross-chain swaps across Ethereum, Avalanche, Arbitrum and the OP Mainnet ecosystems
In a significant development that marks a new milestone in the Web3 landscape, global Web3 technology company OKX and fintech firm Circle Internet Financial (Circle) have jointly introduced innovative USDC features on the OKX Wallet and the OKX DEX aggregator.
In a strategic move poised to reshape the digital currency landscape, USD Coin (USDC) has made a groundbreaking announcement on September 5th, unveiling its native integration on both the Base and Optimism networks. This monumental development signifies a significant milestone for Circle, the mastermind behind USDC, as it strives to regain market ground against formidable rivals like Tether (USDT).
OKX and Circle announce new USDC features allowing feeless transactions, cross-chain utility, and seamless trading experiences.
Stablecoin issuer Circle and crypto exchange OKX are partnering to bring USDC features to the OKX Wallet and OKX DEX aggregator.
US Dollar Coin (USDC) stablecoin issuer Circle is responding to proposed changes to the European Union's (EU) financial crime policies, which would impact crypto companies.
Krafton, the game development company renowned for its popular battle royale game PUBG: Battlegrounds, has announced plans to launch Settlus, a layer 1 blockchain utilizing the Cosmos SDK.
In a move set to simplify and streamline access to the popular dollar-backed stablecoin, USDC, Circle, the leading stablecoin issuer, has unveiled its deployment on Layer 2 blockchains, OP Mainnet and Base. This development marks a significant step in enhancing the usability of USDC for businesses, eliminating the need for complex bridging through the Ethereum network and mitigating potential higher fees.
Visa has announced that it is expanding its stablecoin settlement capabilities to the Solana blockchain.
