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MakerDAO has decreased its dependence on USDC as collateral, shifting focus to Real World Assets (RWA) and experiencing notable growth driven by wstETH.

MakerDAO has decreased its dependence on USDC as collateral, shifting focus to Real World Assets (RWA) and experiencing notable growth driven by wstETH.

Coinbase's recent announcement regarding the addition of support for USD Coin (USDC) on the Stellar network has caught the crypto community's attention. The move signifies Coinbase's commitment to facilitate both withdrawals and deposits of Circle's stablecoin, enhancing transaction speed and reducing costs significantly.

Coinbase, the renowned cryptocurrency exchange platform, has made a game-changing move by embracing Stellar‘s USD Coin (USDC), as announced by the Stellar Development Foundation (SDF) on June 23. This exciting development allows Coinbase users to seamlessly deposit and withdraw Circle's stablecoin via the robust Stellar network.

By supporting USDC on Stellar, Coinbase provides an important access point for both companies and users to benefit from faster and low-cost USDC.

Coinbase has added support for USD Coin (USDC) on Stellar, the Stellar Development Foundation (SDF) said on June 23. That announcement indicates that Coinbase will allow both withdrawals and deposits of Circle's stablecoin via the Stellar network.

SAP tests Circle's USDC stablecoin to simplify cross-border payments. The partnership with Circle enables companies to experience faster and transparent payments.

Software firm SAP is reportedly employing Circle's (CRYPTO: USDC) stablecoin to examine international payment procedures. The Walldorf, Germany-based company is attempting to address the hurdles faced by businesses when executing cross-border monetary transactions.

SAP, the prominent German software company, has embarked on cross-border payment testing by utilizing Circle's USDC stablecoin.

MakerDAO's DAI has swapped out a lot of USDC in its stablecoin reserves for U.S. Treasurys as its collateral changes shape.

The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender.

SAP is testing Circle's Ethereum-based USDC stablecoin for clients to tackle difficulties associated with existing cross-border payments.

Currently, cross-border payments are a “hassle” for many small and mid-sized enterprises with international business partners, the team at German software firm SAP notes in a blog post. The team at @SAP is now testing cross-border payments for their customers with $USDC.https://t.co/QrMHHATsUb pic.twitter.

Customers will receive a designated amount of USDC along with an invoice, enabling them to experience the benefits of fast, affordable, and reliable cross-border payments.

The software giant is using a "play money" version of the stablecoin to help clients test out sending money overseas.

Circle's reserve fund opted to rotate all its holdings into tri-party repos involving systemically important banks like Goldman Sachs, BNP Paribas, Bank of America, and Royal Bank of Canada.

Repurchase agreements will keep being part of the reserve fund, Circle's chief financial officer said Wednesday during a company call.

Binance crypto exchange has announced support for direct deposit and withdrawal of the USDC stablecoin via the Arbitrum network.

USDC has dethroned USDT as the most liquid stablecoin on centralized exchanges.

Coinbase Introduces Yield Rewards for USDC Stablecoins Amid Regulatory Challenges In a bold move amidst an ongoing legal battle with U.S. financial regulators, Coinbase, one of the largest cryptocurrency exchanges in the United States, has announced that it will be offering yields on Circle's USDC stablecoin to its global customer base. The decision to provide yield rewards on USDC comes at a time when regulatory authorities are increasingly scrutinizing such services in the cryptocurrency industry.

On June 15, the San Francisco-based cryptocurrency exchange Coinbase announced that customers can now earn 4% rewards on the stablecoin USDC. The news follows Coinbase's current dispute with the U.S. Securities and Exchange Commission (SEC) over the firm's staking-as-a-service product.

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) on Friday announced that its global customers can now earn 4% rewards on USD Coin (CRYPTO: USDC). The move comes despite the ongoing scrutiny Coinbase faces from the U.S. Securities and Exchange Commission (SEC).

Coinbase, the renowned digital currency exchange, has declared a twofold increase in its rewards for USD Coin (USDC) holders. The company made this announcement via a social media post on June 15, 2023, as reported by CryptoSlate. Previously, Coinbase customers who bought or stored USDC in their accounts were eligible for a 2% reward.

In an exciting announcement on June 15, Coinbase revealed that it now offers a generous 4% reward on USD Coin (USDC). This means that the popular cryptocurrency exchange has effectively doubled the returns previously offered on USDC.