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news-imageJanuary 25, 2023

MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault

In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle's USD Coin (USDC) in a Yearn Finance yield-generating account called a “vault.” The proposal, submitted on January 9, aims to look for a way MakerDAO could split its treasury allocations and earn yield.
Publisher: NewsBTC
Sentiment: Positive
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Positive
cover-imageThe Currency Analytics
November 22, 2024

Maker Whale Activity Surges 1400% as MKR Eyes Potential Breakout

The Maker (MKR) token has seen a notable surge in whale activity, with large transactions jumping by a staggering 1,400%. Despite this increase in large-scale transactions, technical indicators and on-chain metrics are sending mixed signals about the future direction of MKR's price.

Positive
cover-imageCrypto Economy
November 21, 2024

Aptos Integrates Circle's USDC and Multi-Chain Transfers for Global Payments

TL;DR Aptos integrates native USDC and Circle's CCTP protocol, improving interoperability and security in transactions across eight major blockchains. The native version of USDC replaces the bridged USDC, simplifying settlement and increasing transaction security. Stripe will offer fiat-to-USDC conversion services, connecting traditional finance with Aptos' blockchain ecosystem.

Positive
cover-imageAltcoin Buzz
November 21, 2024

Coinbase Wallet Lets You Earn 4.7% APY on USDC

USDC is a type of cryptocurrency that is linked to the U.S. dollar, meaning it keeps its value steady. For the first time, Coinbase Wallet users can earn 4.7% APY (Annual Percentage Yield) simply by holding USDC in their wallet.

Positive
cover-imageCrypto Briefing
November 20, 2024

Coinbase Wallet launches USDC rewards with 4.7% APY

Coinbase Wallet's USDC rewards program could enhance global crypto adoption by offering competitive yields and seamless cross-border transactions. The post Coinbase Wallet launches USDC rewards with 4.7% APY appeared first on Crypto Briefing.

Positive
cover-imageAltcoin Buzz
November 12, 2024

Now You Can Get a UAE Golden Visa With USDC

While many places are dealing with conflict and polarization, the UAE is thriving, attracting top talent from all over the globe. People from finance, tech, media, culinary arts, and more call the UAE home – and now, you can join them with the help of your crypto.

Positive
cover-imageZycrypto
November 10, 2024

Dogecoin Spikes 78% This Week, Flips Ripple's XRP, USDC To Become Top-6 Crypto Amid Elon Musk Hype

The leading canine-themed cryptocurrency, Dogecoin (DOGE), today overtook Ripple-promoted XRP and Circle's USDC stablecoin to become the sixth-most valuable crypto in the world. DOGE's upsurge is fueled by positive sentiment around the crypto's endorsement by tech billionaire Elon Musk following Donald Trump's landslide win in the U.S. Presidential elections.

Neutral
cover-imageThe Currency Analytics
November 9, 2024

MKR Targets $2,200 as Bullish Momentum Grows, But Resistance Looms

Maker (MKR), the governance token of the MakerDAO ecosystem, has been showing impressive upward momentum, recently breaking out of a long-standing bearish pattern. Despite its 11.20% surge in the past 24 hours, reaching $1,416.32, the cryptocurrency faces some resistance and market dynamics that could limit its progress in the short term.

Neutral
cover-imageThe Currency Analytics
November 5, 2024

Whale “zxgngl” Bets $3.1M USDC on Trump, Total Stake Reaches $17M USDC

A well-known Polymarket trader under the name “zxgngl” has withdrawn an additional $3.1 million USDC to increase his bet on Donald Trump winning the upcoming U.S. elections. This latest wager brings the trader's total withdrawals to an eye-popping $17.3 million USDC since October 11, further cementing his commitment to a Trump victory.

Positive
cover-imageThe Currency Analytics
October 30, 2024

Maker (MKR) Price Predicted to Hit $3,000: Could This Be the Next DeFi Breakthrough

Maker (MKR) has staged a significant comeback, revitalizing interest and ignite predictions that it could potentially climb as high as $3,000. Given its central role within the decentralized finance (DeFi) ecosystem, Maker (MKR) has captured investor interest, primarily because of the demand for decentralized stablecoins like DAI and the protocol's recent technological strides.

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