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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...

Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future

15.3.2023
Nearly 4 billion USDC has been removed from the circulating supply since Friday with more USDC being burned than minted, data shows

USDC Crisis Averted? Federal Regulators Offer Reassurance to Silicon Valley Bank Depositors, Ensuring Access to Funds

13.3.2023
The popular stablecoin USDC has regained its $1 peg price after regulators in the US assured that depositors in Silicon Valley Bank (SVB) can access their money today. The assurance from the government means that all Silicon Valley Bank depositors will be made whole, despite the bank’s collapse...

Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

13.3.2023
Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period

USDC bounces back toward $1 peg after Fed announcement

13.3.2023
Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg

Circle Commits to Covering USDC Shortfalls – Ensures Redemption at 1:1 with USD

12.3.2023
USDC issuer Circle has pledged to cover any shortfall in the stablecoin's reserves if it does not receive the entirety of the $3.3 billion held at now-collapsed Silicon Valley Bank. In a Saturday blog post, Circle said that the company is prepared to cover any shortfall in the USDC reserves that...

Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

11.3.2023
The company plans to use corporate resources to fill the gap, including external capital

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

11.3.2023
On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped...

Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns

10.3.2023
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

10.3.2023
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank

SEC is not the appropriate regulator for stablecoins: Circle CEO

24.2.2023
Circle boss Jeremy Allaire maintains that "payment stablecoins" are payment systems, not securities

Circle squashes rumors of planned SEC enforcement action

14.2.2023
Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim

Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators

14.2.2023
Circle, the US-based payments company that issues the stablecoin USD coin (USDC), alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies - and on Monday, blockchain infrastructure platform Paxos was ordered to cut its connection with Binance in regard...

Binance USD's $16B Market Cap Up for Grabs as SEC-Paxos Suit Stirs Up Stablecoin Rivalry

13.2.2023
Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog

USDC Issuer Circle Changes Mind on Going Public, CEO Reveals Q3 Earnings

6.12.2022
Circle, the US financial services firm behind the stablecoin USDC, has changed its mind about seeking a public listing in the near future, and now says it will stay focused on building “a long-term public company.” The plan to go public has since the beginning of this year been central for Circle...

Payment Firm Circle to Bring Euro Coin to Solana in Early 2023

7.11.2022
Circle, the US-based payments company that issues the stablecoin USD coin (USDC), announced its plans to bring its Euro Coin and cross-chain transfer protocol to Solana (SOL) in early 2023. In a Sunday press release, the company said that it aims to expand native support of Euro Coin and access...

Deutsche Telekom Supports Ethereum & Works w/ Stake Wise, SEC Charges Hydrogen, US State Comes After 23 Alleged Crypto Scammers + More News

29.9.2022
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: Deutsche Telekom Supports Ethereum & Works w/ Stake Wise, SEC Charges Hydrogen, US State Comes After 23 Alleged Crypto...