USDC

Circle's latest report follows a move from fellow stablecoin issuer Paxos last week to release a detailed breakdown of all assets held in reserve.

Circle Claims USDC Stablecoin Is Now Fully Backed by Cash, US Treasuries

Jeremy Allaire, co-founder and CEO of global fintech firm Circle, refuted rumors of a potential USDC (CRYPTO: USDC) collapse. What Happened: Following the recent crypto market crash, Allaire addressed the USDC's potential de-peg in a series of tweets on July 2.

Circle CEO Jeremy Allaire Addresses Paranoia Regarding USDC, Rumors Of Collapse

Circle, the company behind the USDC stablecoin, is in its strongest financial position ever, according to CEO Jeremy Allaire.

Circle CEO Says USDC Stablecoin Provider Is in 'Strongest Position' Ever

Circle's founder and CEO Jeremy Allaire tweeted a thread of statements and linked blog posts on Saturday addressing the rumors. The post Circle denies rumors USDC stablecoin is troubled amid market downturn  appeared first on The Block.

Circle denies rumors USDC stablecoin is troubled amid market downturn 

Crypto exchange Coinbase Global Inc (NASDAQ: COIN) plans to merge its U.S. dollar order book with its USD Coin (CRYPTO: USDC) order book. What Happened: In an announcement on Wednesday, Coinbase said it plans to unify the two order books to create “more seamless trading with deeper liquidity.

Coinbase To Merge USD, USDC Order Books For 'Deeper Liquidity'

Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB's subsidiary, New York Community Bank, will become a custodian for the company's stablecoin reserves. Circle Partners With New York Community Bancorp On Tuesday, Circle announced that it is collaborating with […]

Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves

This marks the first time a community bank will serve as a custodian for a stablecoin.

New York Community Bank to Hold Assets Backing Circle's 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

PAX Gold

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.

News for USDC Crypto (USDC)