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Circle CFO, Jeremy Fox-Geen, published a post discussing Circle's aspirations to hold its cash reserves with the U.S. Federal Reserve.

According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle's USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks.

On-chain data shows a new stage of Voyager Digital's effort to offload its crypto assets. Voyager has sent $150 million of USDC to Circle to redeem for dollars.

The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains.

Circle's USDC, the second-largest stablecoin on the market, is set to launch on Cosmos.  Circle first announced its intent to launch on Cosmos in September 2022, when it shared plans to make USDC available on five additional blockchains, including Arbitrum, NEAR, Optimism, and Polkadot.

Cosmos will finally have its own native stablecoin, with Circle partnering with crypto startup Noble to deploy USDC directly to the ecosystem

According to data from blockchain analytics firm Glassnode, USDC – one of the most commonly utilized stablecoins – has experienced an increase in its supply within smart contracts.

Roughly two weeks have passed since USDC lost its USD peg due to SBV turmoil. A sizable reshuffling has occurred since then as many crypto users shifted their attention from USDC to other stablecoins.

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed.

MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.  Although USDC experienced a temporary depeg earlier this month, an overwhelming majority of the MakerDAO have chosen to retain their faith in the world's second-largest stablecoin, dismissing any other viable options.

Circle has recorded to has a decrease in the USDC circulation.

MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.

Mastercard has partnered with Stables to allow retail customers in the Asia-Pacific region to spend and save USDC through its network. Meanwhile, worldwide banking turmoil has not slowed the blending of traditional and decentralized finance (DeFi).

Ex-Coinbase CTO and former a16z partner Balaji Srinivasan deposited $2,000,000 in USD Coin (USDC) for his unmatched bet with pseudonymous Twitter skeptic

The decentralized autonomous organization's token holders are voting to diversify $2 million of its treasury's assets amid a turbulent crypto market.

Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend.

The passed measure ends the 1% USDC to DAI minting fee that was previously implemented.

In a recent vote, the MakerDAO [MKR] community reignited its trust in Circle [USDC]. The vote result showed that Maker would keep USDC as its primary reserve.

Voting members were presented with two options: keep USDC as the primary reserve backing its DAI stablecoin, or diversify

The MakerDAO community has voted to retain USDC as a key reserve for the DAI token despite recent turmoil for the Circle-issued stablecoin.

The main aim of the integration is to serve as an alternative to SWIFT.

The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed.

Circle stablecoins USDC and the newly-listed EUROC can now be bought and sold on Bittrex Global for no extra cost.

Crypto News: Jeremy Allaire, Co-founder and CEO of Circle on Thursday, flagged off risk building around USD after the Silicon Valley Bank and other banks collapsed. This comes after Circle's $3.3 billion of funds exposed to SVB were shifted out.