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The exchange claims this is part of a move to boost global adoption, with research showing three times more USDC is bought with dollars than other currencies.
The top four stablecoins — USDT, USDC, BUSD and DAI — recorded exponential growth throughout 2021 and the first three months of 2022, reaching a peak market cap of $160 billion. The post Research: Top 4 stablecoins gaining market dominance despite stagnant growth since May appeared first on CryptoSlate.
Binance USD (BUSD) market cap has been on the rise in the last 30 days thanks to its parent company's move to convert deposits of USDC, TUSD, and USDP into it for settlements on the exchange The post BUSD Supply Crosses $20B, Cuts Into USDC Market Share appeared first on BeInCrypto.
As of 22 October, the MakerDAO community is nearing the end of its governance vote on the investment proposal by Coinbase. Recall that Coinbase put forth a proposal on 7 September and sought to attract $1.6 billion in USD Coin, more than a third of Maker's stablecoin DAI's backing.
MakerDAO (MKR) is planning to deposit $1.6 billion in USDC on Coinbase Prime to earn a yield of 1.5% per year. A poll on the proposal is three days away from closing.
Circle announced a partnership with Axelar focused on cross-chain applications and USDC. The post Circle partners with Axelar on cross-chain initiative for USDC appeared first on The Block.
Maker could earn roughly 15 million USDC in annual revenue by moving assets to Coinbase to earn institutional rewards. The post MakerDAO on course to custody 1.1 billion USDC with Coinbase for rewards appeared first on The Block.
A proposal to move the stablecoin assets was made by Coinbase in September and is nearing a final deadline.
The decentralized, permissionless cross-chain platform Axelar and USDC creator Circle have announced the Cross-Chain Transfer Protocol, which looks to revolutionize cross-chain transfers across the crypto industry. The post USDC, Axelar's new protocol has bridge-free cross-chain swaps; does away with bridged tokens appeared first on CryptoSlate.
Coinbase has announced commission-free trading for those users who purchase USDC using non-USD fiat currency.
Justin sun, the Tron co-founder today in a tweet explained the reason behind his withdrawal of over $230 million USDC.
Coinbase, the largest crypto exchange in the United States, has published a report which takes a deep dive into the adoption of USD Coin (USDC), the stablecoin issued by Circle.
Coinbase looking to promote the global adoption of USD Coin (USDC) a stablecoin issued by Circle.
A report shared by Coinbase has brought the need to expedite USDC adoption outside the US. The report, shared on 20 October, revealed that “3 times more USDC is bought with USD than non-USD currencies”, calling for more effort to increase awareness outside the US.
Coinbase wants to accelerate the adoption of USDC internationally, by establishing global parity for all users.
Tron founder Justin Sun clears rumors surrounding massive transactions through his accounts in recent weeks. He said the rumors of cashing out USDC are false and the transactions with Circle are only internal fund sorting and allocation.
The exchange stated the stablecoin is purchased at three times the rate with U.S. dollars as compared to other fiat currencies.
Coinbase has announced commission-free trading for those who buy USDC with non-USD fiat currency in a bid to increase its use outside the United States. The post Coinbase Looking Outside the US To Grow USDC Stablecoin appeared first on BeInCrypto.
Crypto exchange Coinbase wants to boost the adoption of stablecoin USDC. The company will support free trading commissions for users buying the digital asset.
In a move to support the adoption of USDC, the Circle issued dollar-based stablecoin, Coinbase (NASDAQ:COIN) has waived commission fees when buying or selling USDC via any fiat currency on Coinbase, “from AUD to ZAR.
The company hopes the move will encourage wider global adoption of the stablecoin it helped invent.
One move can make or break positions in the crypto world. Well, what we are implicitly referring to is stablecoins.
Roofstock onChain has concluded the sale of a house. The property was bought for 175,000 USDC and the title was transferred via an NFT.
In 2022, the market for dollar-pegged stablecoins is remarkably stable
