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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
Adopting CBDC could destabilize banks, help households, US Treasury study says
22.3.2023
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis
Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say
22.3.2023
Tether sold at a slight premium earlier this month even as most stablecoins were dented
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...
Mastercard to settle transactions for stablecoin wallet in APAC
21.3.2023
Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted
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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation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During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023.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...
SVB Collapse Shows the Rot in U.S. Banking and Dollars
17.3.2023
Exclusive Interview: Tether Co-Founder Says Crypto Industry Will Bounce Back Despite Past Failures - Here’s Why
17.3.2023
In an exclusive interview with Cryptonews, William Quigley, the co-founder and CEO of decentralized blockchain WAX and co-founder of USDT issuer Tether, shared his insights on the crypto and blockchain industry's future amid recent challenges.
Quigley, who has over 30 years of experience...
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
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...
MakerDAO passes proposal for $750M increase in US Treasury investments
16.3.2023
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure
Swiss Bankers Association proposes deposit tokens to develop digital economy
16.3.2023
The deposit token is a concept that came out of Singapore’s Project Guardian last year; it has already been touted by JPMorgan
The Banking Crisis Has Been Good for Stablecoin Experimentation
16.3.2023
Tether Market Cap Rises by 10% Following Stablecoin Meltdown – Can it Maintain the Lead?
15.3.2023
The market capitalization of the popular stablecoin tether (USDT) has risen as other stablecoins, including Circle’s USD coin (USDC) and MakerDAO’s DAI briefly lost their pegs over the weekend.
As a result of the increase in marketshare for tether, Binance USD (BUSD), a stablecoin issued...
Bitcoin Dominance Reaches 9-Month High
15.3.2023
The bitcoin dominance rate has climbed amid increasing turbulence in crypto markets, and more lately, as the price of bitcoin also reached a nine-month high
Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
15.3.2023
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny
Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International
15.3.2023
Russian banks may currently be cut off from the SWIFT international payments network. But, despite wide-ranging international sanctions against the Kremlin, money keeps flowing between Russia and the West, and a range of brokers are ready to turn Russian rubles into foreign currency abroad, in cash