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Nalezeno "USD coin": 251

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...

Crypto Biz: Coinbase has a lot at stake

24.2.2023
Coinbase says its staking product offerings are different than Kraken's, which came under SEC scrutiny and resulted in a $30 million fine

USDC issuer Circle to increase staff by up to 25% amid layoff season

23.2.2023
The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

21.2.2023
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest...

Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

16.2.2023
Tether's USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin

Bitcoin single-day price surge linked to billions in USDC inflow

16.2.2023
Bitcoin proponents called it the start of another bull run, while a few other analysts believe it's a bear trap

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

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

10.2.2023
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease...

Stablecoin Economy Sheds Another $3 Billion in 44 Days

28.1.2023
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD...

Algorithmic stablecoin market share dropped by 10x from ATH: Report

26.1.2023
The stablecoin market in general is going through hard times, though it's the algorithmic coins that suffered the most

What is USD Coin (USDC), fiat-backed stablecoin explained

30.12.2022
USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

28.12.2022
2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last...

Japan to lift the ban on foreign stablecoins like USDT in 2023: Report

26.12.2022
None of the 31 crypto exchanges registered with Japan's Financial Services Agency are currently offering trading in stablecoins like USDT or USDC

Stablecoin settlements can surpass all major card networks in 2023: Data

22.12.2022
While on-chain stablecoins settlements are growing rapidly, many people pointed out that comparing stablecoin settlements to Visa transactions is not fair as they represent two different things

Stellar partners with UNHCR to give Ukrainian refugees cash via USDC

16.12.2022
One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects

Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

12.12.2022
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project...

Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’

9.12.2022
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching...