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USDC now capable of 1000 transactions per second with near-zero fees
9.9.2020
The asset's new multichain partner makes it so
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July
4.9.2020
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged...
DeFi users turn to USDC stablecoin to earn high-yield interest — Data shows
1.9.2020
Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched
Centre Launches USDC 2.0, Introduces New Functionalities
28.8.2020
The Centre Consortium, an entity established by Circle and Coinbase to manage the USD Coin (USDC), has launched a major upgrade to the stablecoin, claiming the move will significantly improve its usability and security.
“Today's update comes at a time when USDC has punched through [USD] 1.4 billion...
‘Gasless’ Technical Update Brings USDC One Step Closer to Venmo
27.8.2020
Users do not have to pre-fund their USDC-bearing wallet with ether before every transaction, according to Centre
Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
26.8.2020
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi...
Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin
20.8.2020
Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare...
Market Wrap: Bitcoin Stumbles to $11,300; USDC Lending Rates Skyrocket
11.8.2020
Bitcoin experienced heavy selling Tuesday, while traders are finding profits in stablecoin borrowing strategies
Financial Service Provider to Coinbase Teams With Circle to Offer Stablecoin Payments in EU
7.8.2020
BCB Group will integrate with Circle's platform in a bid to make the USDC stablecoin more widely available
Unite to Succeed: Swiss Stablecoin Association Hopes to Break the Ice
3.8.2020
The new World Stablecoin Association hopes to create a united front for the sector to tackle regulatory concerns and drive collaboration
Circle Gets $25M From DCG to Drive USDC Mainstream
30.7.2020
USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses
Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours
30.7.2020
The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi...
Multiplier Incentivises Yield Farmers with MXX Tokens
27.7.2020
Bitcoin Press Release: Multiplier platform will officially launch the minting of MXX tokens on its platform on the 29th of July, 2020. 27th July, 2020, Switzerland – MXX tokens are designed to balance liquidity for depositors and lenders through algorithmic derived interest rates and yield....
Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value
23.7.2020
The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows...
Centre Obliges Government Request, Freezes Address With $100,000 USDC
9.7.2020
Centre Consortium has blacklisted an ethereum address holding $100,000 in USDC, a move that the entity says was “in response to a request from law enforcement.” A joint venture between Circle and Coinbase, Centre is the issuer of the dollar-pegged USDC stablecoin, which runs on...
Risks of Centralized Stablecoins Materialize as 100k USDC Frozen
9.7.2020
Centralized stablecoins may be about to face more scrutiny from the crypto community after it was revealed yesterday that USD Coin (USDC) issuer Centre has frozen an address holding USD 100,000 worth of the stablecoin.
The actual blacklisting of the address occurred back in June this year, and...
Centre Freezes Ethereum Address Holding $100K USDC
9.7.2020
Stablecoin issuer Centre has confirmed they froze an Ethereum address holding $100,000 USDC at the request from law enforcement
Circle Confirms Freezing $100K in USDC at Law Enforcement’s Request
9.7.2020
CENTRE froze $100,000 in USDC in response to a request from law enforcement, the group said Wednesday
Former US Treasury Secretary Larry Summers Expects ‘A Ton of Innovation’ Around Stablecoins
3.7.2020
Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example
USDC Ends Ethereum Exclusivity, Begins Algorand Partnership
25.6.2020
Source: Adobe/Sashkin (edited by Cryptonews)
The operator of stablecoin USD coin (USDC) is to end its exclusive relationship with the Ethereum blockchain network and will move to Algorand, with expansion onto other blockchain networks to follow.
USDC is run by Centre, a joint project that comprises...