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Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT.

After a brutal sequence of events led to the collapse of several crypto-related firms in 2022, FTX's bankruptcy dealt a massive blow to public trust in centralized crypto entities. The post Research: USDC adoption grows post-FTX collapse; USDT remains flat appeared first on CryptoSlate.

30% is being managed by BlackRock

According to DeFi Llama, the Ethereum network contains a vast number of USDC (37.1 billion) in the circulating supply aggregating to 85.19%.

In its latest attestation report, Circle revealed that 30% of its $43.4 billion USDC reserve is now managed by BlackRock.

According to Circle's most recent reserve report, around 65% of all USD Coin (USDC) reserves are held as US treasury bills. The post Nearly 65% of USDC reserves are held as US Treasury Bills appeared first on CryptoSlate.

BlackRock's disclosure page reveals Circle has put 30% of its USDC reserves, equivalent to approximately $13b, on the money market fund.

Key Points: According to Circle's most recent attestation report, 30% of USDC's reserves – or $12.79 billion – are invested in its government money market fund, the Circle Reserve Fund, managed by BlackRock.

Key Points: According to an exclusive report from WuBlockchain, Huobi is reportedly in talks with its staff members about switching the form of employees' salaries from fiat currency to USDT or USDC.

Tether's USDT and Circle's USDC were last printed in May and June respectively.

Key Points: On January 1, Circle official sources made public a report indicating that the firm's USDC circulation had surged by $200 million in the previous week. The company that is responsible for the stablecoin known as USDC, Circle, has raised the circulation of the coin as of the final week of 2022.

USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market.

This time due to the difficulties of BUSD, a.k.a. Binance's stablecoin

The latest performance shows that stablecoin transactions are close to attaining the level of some of the major card payment providers.

Optimism blockchain network has recently noticed an enormous uptick in both USDC and USDT transactions which have eclipsed $1 billion. What seems to have caught people's attention is the fact that the Optimism chain seems to be unrivaled and unmoved by the chaos happening in the crypto space.

Binance is addressing the fear, uncertainty and doubt (FUD) centered around crypto exchange platforms after the high-profile downfall of FTX. In a new company blog post, the world's largest digital asset exchange by volume explains why some of the common narratives about it being financially unhealthy are untrue.

Recently, the Optimism network experienced an anomalous uptick in stablecoin transactions. Numerous theories on what might be to blame have arisen due to this.

A trading robot with a reputation for outperforming the digital asset markets is sharing its newest Bitcoin (BTC) and altcoin portfolio allocations amid the ongoing crypto winter. Every week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.

Catch up on the latest crypto market news at The Currency Analytics. The United Nations decided to aid people who have been displaced from Ukraine due to the Russia war with cryptocurrency.

The United Nations refugee agency, the Office of the U.N. High Commissioner for Refugees (UNHCR), is set to start aiding displaced Ukrainians through the USDC stablecoin via digital wallets running on the Stellar ($XLM) network.

On 15 December, the Stellar Development Foundation announced its partnership with the United Nations High Commissioner for Refugees (UNHCR) to provide Ukrainian refugees with cash assistance in the form of USD Coin (USDC) on the Stellar network.

This morning, the leading cryptocurrencies are trading in the negative after seeing a short bullish run yesterday and the day before. Additionally, the overall cryptocurrency market is experiencing increased selling pressure. This is most likely a direct result of the Federal Reserve's decision to boost interest rates by 50 basis points.

One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects.

Through a new blockchain-based humanitarian program, UNHCR would send stablecoin USDC to displaced Ukrainians and others affected by Russia's invasion of Ukraine.