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Crypto markets have entered a new period of volatility amid the collapse of FTX, the world's second-largest cryptocurrency exchange.

Binance and BitMEX have moved to halt the deposits of Solana-based USDT and USDC while OKX went as far as delisting them

The announcement from the largest crypto exchange by trading volume comes after rival OKX announced it will delist both USDC and USDT on Solana. The post Binance halts Solana-based USDC and USDT deposits, in line with rivals appeared first on The Block.

Circle, the company that runs and issues USDC has dropped their Circle Yield product APY rate to 0%. The post Circle drops Yield rates to 0% appeared first on CryptoSlate.

Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits. “Deposits of USDC (SOL) and USDT (SOL) have been temporarily suspended until further notice.

The impact of the FTX collapse has been spreading significantly over the other platforms as more number of them are restricting users' activity, failing to carry out their business as usual. While some of the platforms who denied earlier have admitted to their platform's exposure to the FTX crisis.

Popular stablecoins are moving off exchanges, as the cryptocurrency industry continues to roil following the FTX (CRYPTO: FTT) collapse. What Happened: Over $23 billion in stablecoins have exited cryptocurrency exchanges, since March 2022, according to Santiment Insights.

Circle has alluded to over $10 million exposure to FTX It also hinted at the loss suffered due to Binance's auto conversion In a recent Twitter post, Circle's Jeremy Allaire said that USDC only had a small amount of exposure to FTX.

Stablecoin interoperability is a necessity for blockchain projects to thrive. We delve deeper into the importance of multi-chain stablecoins in this article. The post Which Stablecoin Runs on the Most Chains? appeared first on Bitcoin Market Journal.

As USDC is incorporated into retail payments, Circle and Apple Pay's innovation may help businesses embrace more flexible payment structure.

Integration will allow crypto-native businesses to accept payments from customers who don't use crypto at all.

The creator of the U.S. dollar-pegged stablecoin USDC, Circle, has stated that increased competition in the stablecoin market is likely to put pressure on Circle stablecoins,

The integration will make it easier for crypto-native businesses to receive payments without excluding customers that don't use crypto.

On Tuesday (15 November 2022), FinTech firm Circle Internet Financial, the issuer of fiat-backed stablecoins USD Coin (USDC) and Euro Coin (EUROC), announced that “eligible businesses who build with Circle can now help further boost their sales by accepting Apple Pay.

USD Coin Issuer Circle has mentioned that Apple has now allowed and enabled crypto payments that will be using stablecoin on their payment platform. Merchants who accept the USDC will now be able to do so with the help of Apple Pay.

The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlement while allowing crypto businesses to engage with non-crypto-using customers.

USDC issuer Circle cited FTX's collapse and Binance auto-conversions of USDC to BUSD for "materially lower" projections in an SEC filing.

Merchants partnered with Circle will be able to accept payment and allow customers to purchase crypto through Apple Pay. 

Circle Financial Services has recently announced that any business that builds on its platform now has the option of integrating Apple Pay. This will help to boost the sales of those businesses further than they had in the past.

Apple Pay, the very popular digital wallet offering from Apple (NASDAQ:AAPL), is now available via Circle, according to a blog post. Circle stated that eligible businesses who build with Circle can now accept Apple Pay.

Merchants and customers who use USDC will now be able to do so using Apple Pay. Circle has announced that crypto payments using USDC have been enabled on Apple Pay.

Crypto payments in Circle's USDC will now be offered for select businesses on Apple Pay. The post Breaking: Crypto Payments With USDC Now On Apple Pay appeared first on CoinGape.

Here are the latest DeFi interest rates from the most established DeFi lending and savings platforms.  The post This Week's DeFi Interest Rates: Best Yields for Lending and Saving appeared first on Bitcoin Market Journal.

Is the exchange running for cover after SOL's collapse?