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Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture.

So far, a total of 1.7 million verified members of the Stargate community have voted in favor of the proposal.

Circle, the issuer of the USDC stablecoin, has launched a Euro-based stablecoin called EUROC on the Avalanche Network.

Circle CEO Jeremy Allaire said May 25 that artificial intelligence (AI) bots are engaging with his company's USDC stablecoin.

Which stablecoin comes out on top?

From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span of 140 days.

Despite the plethora of concerns surrounding its reserves, the debate between USDT and USDC continues, with both stablecoins having their pros and cons.

On 18 May, large amounts of Binance's BUSD got burned However, the state of the stablecoin market remained the same as USDT took the lead.

Reflecting on events like the Terra collapse in the spring of 2022 and the de-pegging of USDC less than a year later might cause one to question the accuracy of the term “stablecoin.”

Circle Reserve Fund adds $8.7B in overnight repo agreements to USDC reserves, reducing exposure to potential US debt default.

Circle's reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.

The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens.

Quick Take USDT and USDC started roughly simultaneously, back in 2018, and grew in tandem with one another as the crypto market also grew, all the way through to 2022.

Crypto exchange giant Coinbase has begun offering zero-fee USDC trading for users in Singapore. The initiative followed a survey showing an increasing level of crypto adoption.

Circle founder Jeremy Allaire recounts the ups, downs and pivots of Circle's journey and the vital debate around USDC and the future of money at Consensus 2023.

As has been known for some time, Stablecoins are becoming increasingly popular in the blockchain sector because, unlike normal cryptocurrencies, their value is pegged 1:1 to that of a given fiat currency.

USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption.

Stablecoin issuer Circle has reportedly adjusted its treasury reserves to mitigate the risk of US debt defaults. Amid the ongoing banking crisis in the United States, Circle CEO Jeremy Allaire stated on May 10 that the company has altered the mix of reserves backing its USD Coin (USDC) by transitioning to short-dated US Treasurys to sidestep potential involvement in a US debt default.

Despite Circle's moves to avoid being affected by the U.S goverment, the overall sentiment around USDC remains negative

Circle is preparing to avoid potential lapse as debt ceiling crisis loom with no agreement in sight.

Amid the current banking crisis in the United States, stablecoin issuers like Tether and Circle have been moving their reserves to the safest instrument i.e. US Treasury.

The world's second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.

Circle CEO Jeremy Allaire is prepping for a possible US debt default.

Coinbase earnings beat estimates in key areas as firm faces off with the SEC.