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Franklin Templeton Enables USDC Conversions on Benji Investments Platform
6.6.2024
Franklin Templeton has announced that users of its Benji Investments platform can now convert USDC stablecoin to U.S. dollars to fund their investment in the Franklin Onchain U.S. Government Money Fund. This development allows institutional wallets to purchase shares represented by BENJI tokens....
Circle Officially Launches in Brazil, Partners With Latam Giants BTG Pactual and Nubank
31.5.2024
Circle, the company behind USDC, the second-largest stablecoin in the cryptocurrency market, has announced its official launch in Brazil. The company inked an alliance with BTG Pactual, the largest investment bank in Latam, to provide onboarding and distribution services for Brazilian companies....
FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts
26.5.2024
The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced...
Can stablecoins save US freelancers from Venmo fee hike? Industry weighs in
24.5.2024
According to Dan Romero, as Venmo introduces higher fees, stablecoins could emerge as a potential lifeline for 1099 workers
USDC Stablecoin Issuer Considers Moving Legal Home From Ireland to US
16.5.2024
Circle, a stablecoin issuer based in the Republic of Ireland, has reportedly announced plans to relocate its legal domicile to the United States. The decision is believed to be a response to the Organization for Economic Cooperation and Development’s (OECD) proposal for a minimum tax of 15% on...
Sonne Finance Suffers $20M Exploit, Hacker Flees
15.5.2024
Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC, and flees.
The post Sonne Finance Suffers $20M Exploit, Hacker Flees appeared first on Cryptonews
Circle shifts legal home to US ahead of IPO
15.5.2024
Circle's strategic shift away from Ireland could increase compliance costs, but the tradeoff suggests improved investor confidence
$20M exploit cripples Sonne Finance, hacker in no mood for negotiation
15.5.2024
Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. Efforts to recover the funds are ongoing
Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
15.5.2024
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne...
Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi
13.5.2024
Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including...
Coinbase sees infinite interoperability potential with Ethereum and USDC
9.5.2024
Coinbase head of tokenization Anthony Bassili described plans for its Base network at TokenizeThis 2024 in Miami
Leading Colombian bank launches crypto exchange and peso stablecoin
7.5.2024
The Colombian bank behind the crypto exchange claimed the platform was created after nearly a decade of study and research
Starknet Foundation launches $5 million grants program
7.5.2024
The funding aims to help developers with final-stage blockchain projects come to market and boost overall blockchain innovation
Over 90% of Stablecoin Transaction Volumes Are Not From Genuine Users: Visa Study
6.5.2024
A recent study conducted by Visa and Allium Labs has found that more than 90% of stablecoin volumes do not originate from genuine users.
The post Over 90% of Stablecoin Transaction Volumes Are Not From Genuine Users: Visa Study appeared first on Cryptonews
Internet Computer Launches ckUSDC Sepolia, an ICP Copy of USDC in ckERC20 Token Standard
5.5.2024
The testing version of the ckETH minter on Internet Computer (ICP) mainnet has been upgraded, now featuring the Sepolia version of the USDC token.
The post Internet Computer Launches ckUSDC Sepolia, an ICP Copy of USDC in ckERC20 Token Standard appeared first on Cryptonews
USDC overtakes USDT: Compliance is key to stablecoin dominance
3.5.2024
Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market
Tokenized Private-Credit Platform Untangled Opens Its First USDC Lending Pool on Celo
2.5.2024
Private credit has been at the forefront of crypto's asset tokenization trend with over $600 million outstanding on-chain assets
Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?
2.5.2024
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin
Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit
2.5.2024
Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services
3 signs hint that Bitcoin price is nearing a bottom
1.5.2024
The result of today’s Federal Reserve minutes, Bitcoin miners’ robustness and increasing stablecoin demand in China could be signs that BTC has bottomed