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Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
26.3.2023
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC...
NFTX DAO Eyes Treasury Rebalancing After USDC Wobbles
24.3.2023
The decentralized autonomous organization’s token holders are voting to diversify $2 million of its treasury’s assets amid a turbulent crypto market
Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs
24.3.2023
Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend
MakerDAO votes to keep USDC as primary collateral, rejects 'diversification' plan
24.3.2023
The passed measure ends the 1% USDC to DAI minting fee that was previously implemented
Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
23.3.2023
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed
Xapo Bank to enable USDC deposits and withdrawals
22.3.2023
According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees
Nimiq adds support for gas-abstracted USDC transactions on Polygon
22.3.2023
Silicon Paradise, Costa Rica, March 22, 2023 – Blockchain ecosystem Nimiq has introduced gas-abstracted USDC transactions for Polygon users within its native wallet. The novel feature, incorporated into Nimiq’s non-custodial wallet, makes it easier and more feasible for merchants to accept...
Breaking: Circle CEO Confirms Hack on Employee Account Promising USDC Airdrop – What's Going On?
22.3.2023
Circle CEO Jeremy Allaire has revealed that the Twitter account of one of the company's top executives that promised a USDC airdrop has been hacked.
Dante Disparte, who joined Circle as its chief strategy officer and head of global policy in April 2021, said in a suspicious Twitter thread that...
Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along’ | PBW 2023
22.3.2023
Paolo Ardoino said that recent events in the crypto space demonstrate that Bitcoiners were right and that Bitcoin is the “ultimate way” to hold wealth
Today in Crypto: Coinbase Halts Support for Signature Bank’s Signet, MetaMask & MoonPay Expand Partnership in Nigeria, India to Hit 156M Crypto Users This Year, Xapo Bank Integrates USDC Payment Rails
21.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Coinbase Halts Support for Signature Bank’s Signet, MetaMask & MoonPay Expand Partnership in Nigeria...
Rattled crypto industry could emerge stronger after USDC depeg
20.3.2023
Did the depegging reveal stablecoins’ limitations, or was it a learning moment?
SBF legal fees, BTC market cap flips Meta and USDC climbs back to $1: Hodler’s Digest, March 12-18
18.3.2023
Sam Bankman-Fried seeks to use FTX’s corporate insurance, Bitcoin outperforming Wall Street banks in 2023 and USDC repegs after turbulent days
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
17.3.2023
"Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins' potential volatility,” Moody’s said
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
17.3.2023
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin...
Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up
17.3.2023
Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in
USDC Stablecoin Sees Massive $3 Billion Outflows in Three Days – What's Going On?
17.3.2023
The popular stablecoin USD Coin (USDC) has seen outflows of around $3 billion over three days this week, issuer Circle said in a blog post on Thursday.
According to the blog post, Circle redeemed $3.8 billion USDC and minted $0.8 billion new USDC tokens between Monday and Wednesday this week...
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
17.3.2023
Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to $0.88 amid banking concerns in the U.S
Bybit reports surge in trading volume amidst USDC volatility
17.3.2023
Bybit’s spot market volume for USDC grows by 1,437% Bybit becomes the No.2 crypto exchange in MENA DUBAI, United Arab Emirates, March 17, 2023 — Bybit reports a surge in volume for USDC pairs as the world’s third most visited crypto exchange ramps up efforts to meet market demands. Relying...
Tokenized Diamond Market Booms Amid Crypto Banking Crisis as Investors Seek Hard Assets – Here's What You Need to Know
17.3.2023
At the time when banks were collapsing last weekend and a major stablecoin depegged, tokenized diamond sales jumped 300%.
Investors turned their focus to digitized diamonds in search of safe haven amid high market volatility brought on by the collapse of no less than three banks in the United...
Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
17.3.2023
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises