USDC

Crypto exchange Bybit will offer futures contracts settled in USDC stablecoin. The post Bybit to offer futures contracts settled in the USDC stablecoin appeared first on The Block.

Bybit to offer futures contracts settled in the USDC stablecoin

Ethereum

Polygon

Coinbase debuts support for crypto transfers on both Polygon and Solana as part of the company's multi-chain expansion. The post Coinbase rolls out Polygon support for transfers of ETH, USDC appeared first on The Block.

Coinbase rolls out Polygon support for transfers of ETH, USDC

Bitcoin

Uniswap

A robot with a reputation for outpacing the crypto markets is revealing its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) weather high volatility. Each week the Real Vision Bot conducts surveys in order to create algorithmic portfolio assessments consistent with a “hive mind” consensus. The bot's newest data finds that traders' risk appetite […] The post Bot Known for Outperforming Crypto Markets Unveils Altcoin Selections Amid Wild Bitcoin and Ethereum Price Action appeared first on The Daily Hodl.

Bot Known for Outperforming Crypto Markets Unveils Altcoin Selections Amid Wild Bitcoin and Ethereum Price Action

Tether's market cap has dropped by 19% since the start of May, while USDC's has climbed by 5%.

As Tether Faces Billions in Redemptions, Circle's USDC Is Gaining Ground

During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether's market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation […]

The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

Tron

TronDAO has bought a further 500 million USDC stablecoin today, it announced on Twitter. The post Tron DAO Reserve adds another 500 million USDC to help USDD stablecoin peg appeared first on The Block.

Tron DAO Reserve adds another 500 million USDC to help USDD stablecoin peg

After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron's founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO Reserve would deploy […]

Tron's Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity

Terra

The Block contacted Binance.US, the American affiliate of global crypto exchange Binance, for comment but had not heard back before press time.  The post Class action filed against Binance.US for sale of luna and USD Coin on platform appeared first on The Block.

Class action filed against Binance.US for sale of luna and USD Coin on platform

Aave

The biggest 100 Ethereum whales have turned their attention to a slew of altcoins in multiple sectors as ETH and the broader crypto markets continue to move lower. According to blockchain tracking service WhaleStats, decentralized borrowing and lending protocol Aave is the third most purchased crypto asset among ETH whales in the last 24 hours […] The post World's Biggest Ethereum Whales Accumulate Aave, Compound and Four Additional Altcoins: On-Chain Data appeared first on The Daily Hodl.

World's Biggest Ethereum Whales Accumulate Aave, Compound and Four Additional Altcoins: On-Chain Data

Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets, including Canada, Kenya, the Philippines, […]

Moneygram Launches USDC Crypto-to-Cash Program in Certain Markets

This article was originally published in April 2022.  Rising costs are driving investors to rethink where to put their money.

ICYMI: How You Can Fight Inflation With USDC

On Tuesday, the financial technology company Checkout.com announced that it will allow merchant settlements using the stablecoin USDC via a partnership with the crypto firm Fireblocks. Checkout.com further detailed that in a beta test with select clients, the company settled $300 million in transaction volume leveraging the USDC stablecoin. Checkout.com Leverages the Stablecoin USDC Checkout.com […]

Checkout.com Reveals Merchants Can Accept and Make Payments in USDC

Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology. Circle Reveals Polygon-Supported USDC Circle has revealed that usd […]

Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network

The move will allow for swapping native USDC across eight other blockchain networks.

Circle to Support Polygon USDC on Payments Platform as Adoption Grows

Polygon USDC will be integrated to enable automatic payouts “in seconds.”

Circle Adding USDC to Polygon for Web3 Payments

Stablecoin issuer Circle has added support for Polygon USDC on its payment service for clients like exchanges and institutional trading desks. The post Circle launches support for Polygon USDC stablecoin on its payments platform appeared first on The Block.

Circle launches support for Polygon USDC stablecoin on its payments platform

Cardano

Avalanche

A bot with a reputation for profitability is revealing the latest results of a crypto portfolio survey taken on Real Vision Exchange. The Real Vision bot recently shared a bar graph illustrating how investors are currently most interested in leading crypto assets Bitcoin (BTC), Ethereum (ETH) as well as stablecoin USD Coin (USDC). “Latest results of the RealVision Exchange […] The post Bot Known for Outperforming Crypto Markets Reveals Portfolio Allocations As Bitcoin and Ethereum Rise appeared first on The Daily Hodl.

Bot Known for Outperforming Crypto Markets Reveals Portfolio Allocations As Bitcoin and Ethereum Rise

Circle Internet Financial is arguing that the U.S. Federal Reserve should pass on launching its own digital dollar, arguing that it could strangle private-sector efforts such as Circle's to manage their own dollar-based tokens.

The public is already served well by private-sector tokens, the USDC stablecoin issuer said in a comment letter to the central bank.

The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm's […]

Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report

First came the meme coins. Then, the jpegs.

Brokerage accounts can be funded with the stablecoin USDC, the exchange said.

Every market—including a bearish one—has its winners and losers.

The Big 'Winner' From the Crypto Crash? USDC Stablecoin

On May 13, Circle's chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra's stablecoin implosion. Circle's CFO explained that since usd coin's inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra's Stablecoin De-Pegging Incident Has Cast a Spotlight on […]

Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

Average Ethereum gas prices were on track to quadruple over the past two days, thanks in part to stablecoin transactions.

Ethereum Gas Prices Soar as Traders Head for the Stablecoin Exits

Investor concerns about Galaxy Digital (GLXY.TO) being subject to significant losses given its exposure to Terra's LUNA token are “clearly unwarranted,” BTIG equity research analyst Mark Palmer told clients in a note Thursday.

Teller's CreditFi platform lets USDC holders earn yield by lending capital to Koala Insurance.

Tether's co-founder and DeFi execs weigh in on what the collapse of Terra's UST means for asset-backed stablecoins like USDT and USDC.

News for USDC Crypto (USDC)