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In a move aimed at attracting more users and bolstering its position in the market, popular cryptocurrency exchange Coinbase announced on June 15th that it is now offering a special 4% incentive on USD Coin (USDC) holdings.
San Francisco-based crypto exchange Coinbase has raised its reward rates for USD Coin (USDC), a stablecoin tied to the US dollar. Users can now earn a 4% annual percentage yield (APY) on their USDC holdings.
Coinbase increased USDC rewards for global customers to 4%, funding the rewards from its own pocket.
American crypto exchange Coinbase is offering yields on USDC stablecoins for its global customers. However, the move comes amid a lawsuit from U.S. financial regulators which want to crack down on such services.
Coinbase said in a June 15 tweet that it now offers 4% rewards on USDC. Coinbase's newly increased reward rate means that the company has approximately doubled its previously offered returns on USD Coin (USDC).
Tether, the most dominant stablecoin with over 76% of the stablecoin market share, appears to be in hot water right now! However, there is no clear indication of a ‘depeg' but the popular token is facing massive selling pressure.
The relief in the Ripple and XRP community was evident after the court unsealed the Hinman documents for public scrutiny. The value of XRP jumped more than 6 percent to trade around $0.554 during the early New York trading session.
The stablecoin sector is noting a resurgence of interest following SEC's lawsuits, with a rise in active addresses and weekly senders seen.
In a significant development within the world of cryptocurrencies, USDC, a leading stablecoin, has recently revealed its integration with Arbitrum, a highly anticipated layer 2 scaling solution. This groundbreaking collaboration holds tremendous potential for transforming the crypto landscape, unlocking a range of benefits for users and facilitating the growth of the wider cryptocurrency community.
The strong regulatory action by the U.S. Securities and Exchange Commission (SEC) hasn't deterred USDC stablecoin issuer Circle from proceeding further with its IPO plans. However, considering the current regulatory environment, things are certainly not going to be smooth for Circle.
Circle, the fintech company responsible for a leading cryptocurrency stablecoin, announced Thursday the appointment of Heath Tarbert as its new chief legal officer.
Circle, the developer of the dollar backed USD Coin (USDC), has rolled out support for its native stablecoin on Arbitrum,
Former U.S. CFTC Chairman Heath Tarbert has joined Circle as its new chief legal officer and head of corporate affairs.
USDC revolutionizes transactions with native Arbitrum integration. Native USDC on Arbitrum unlocks faster settlements and lower costs.
Circle's stablecoin extends its reach to nine blockchains, tapping into Arbitrum's growing ecosystem and enhancing liquidity transfer.
USD Coin Issuer Circle has tapped former CFTC Chairman Heath Tarbert to serve as its new Chief Legal Officer and Head of Corporate Affairs.
Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.
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In an exciting development for Circle Internet Singapore Pte. Ltd., the company announced Wednesday that the Monetary Authority of Singapore had granted it a Major Payment Institution license.
Crypto Market News: Following the recent liquidity issues out of the Silicon Valley Bank collapse, Circle, the company behind stablecoin USDC, is even more optimistic about the company's prospects in near future. Amid the U.S. regional banking crisis in March 2023, Circle faced massive redemptions over fear and uncertainty around the company's reserves in the
Circle Internet Singapore was granted a Major Payment Institution license from the country's Monetary Authority (MAS).The license allows USDC's issuer to provide local and cross-border payments and digital payment token facilities in the city-state.Singapore is a springboard for Circle's international expansion and operations in the greater Asia region, CEO Jeremy Allaire said.The stablecoin issuer received provisional approval for DPT operations last year along with crypto trust company Paxos. USDC issuer Circle received a crypto license from the Monetary Authority of Singapore (MAS) that will allow the company to facilitate digital payments within the city-state.
Circle Internet Singapore Pte. Ltd. announced on Wednesday that it had received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
In an exciting development for the cryptocurrency community, Circle, the company behind the widely used USD Coin (USDC), has announced the deployment of USDC on the Arbitrum network. This integration marks a significant milestone in the evolution of both USDC and the wider cryptocurrency ecosystem.
Circle, the leading stablecoin issuer, has announced its plan to deploy its native token USD Coin (USDC) on the Arbitrum network. The Arbitrum Foundation also confirmed this deployment in a recent statement.
