Usd Coin Financial News

26.04 / 16:51

Ethereum SEC coinbase security us government Usd Coin Bitcoin SEC’s war on crypto: How far will it go?

The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been at the forefront of the United States' cryptocurrency crackdown. In the last few months, the agency has filed several enforcement actions against major crypto companies that allegedly violated security laws.

26.04 / 14:29

Blockchain Ethereum defi Tokens Circle avalanche Usd Coin Cross-Chain Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche

Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their USDC from one network to the other. The new Cross-Chain Transfer Protocol (CCTP) protocol appears to do away with this need for USDC bridges.

26.04 / 08:43

business Blockchain regulation SEC security Circle Usd Coin Circle CEO blames US crypto crackdown for declining USDC market cap

Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC).

26.04 / 07:19

Stablecoin regulation SEC Federal Reserve Usd Coin Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change

The New York Federal Reserve published new rules for counterparties looking to use its money market balancer, casting uncertainty over intentions by stablecoin issuer Circle to use the Fed's systems.

24.04 / 22:13

Blockchain Technology Stablecoin CBDC Tether Tech Usd Coin Stablecoins must be programmable to counter CBDCs

When it comes to providing stable value, stablecoins and central bank digital currencies (CBDCs) appear to serve two sides of the same proverbial coin. Crypto stable assets, however, can provide entirely different use cases — and CBDCs simply cannot compete.

17.04 / 15:17

markets Stablecoin SEC Tether security Usd Coin Dollar record high Tether market cap eyes record high after regaining 65% stablecoin dominance

Tether (USDT) has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the U.S.

14.04 / 15:37

Stablecoin Adoption Europe Tether European Union Usd Coin Future Crypto in Europe: Economist breaks down MiCA and future of stablecoins

In October 2022, the European Union finalized the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the days of an unregulated crypto market in the EU may soon be over. The MiCA regulations introduce clear guidelines for handling cryptocurrencies and consumer protection, and divide crypto assets into different sectors, each subject to specific rules.

06.04 / 15:47

markets Stablecoin SEC Tether Paxos Usd Coin Dollar Time Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble

Tether (USDT) continues to benefit from the ongoing turmoil in the U.S. dollar-backed stablecoin industry with its market capitalization growing significantly in Q1 2023 at other stablecoins' expense.

04.04 / 19:09

Blockchain Hackers hacks Arbitrum Usd Coin Liquidity protocol Sentiment exploited for over $500K

Sentiment, an undercollateralized lending protocol, appears to have been exploited on April 4 for over $500,000 in crypto. Ethereum blockchain data shows a transaction that transferred 536,738.410031 USD Coin (USDC) from the Synapse Bridge, and this links up with a series of Arbitrum transactions draining coins from the Sentiment protocol.

30.03 / 11:19

Ethereum Charity Donations Usd Coin Bitcoin crypto donations Crypto donations to surpass $10B in a decade: The Giving Block

According to The Giving Block’s 2023 annual report titled “Crypto Philanthropy Data, Trends & Predictions,” all-time crypto donations in the platform surpassed $125 million in 2022. Based on the data available, the crypto charity project predicted that it could surpass $1 billion in August 2027, reach $5 billion in June 2031 and exceed the $10 billion mark in November 2032.

28.03 / 20:43

Blockchain Stablecoin Adoption defi Cosmos Usd Coin network Circle announces USDC launch for Cosmos via Noble network

USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle.

24.03 / 13:11

business Stablecoin Tether Usd Coin Bitcoin reserves USDT issuer Tether has up to $1.7B in excess reserves, CTO says

Cryptocurrency firm Tether, which issues the stablecoin USDT (USDT), expects to make a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of 2022, Tether chief technology officer Paolo Ardoino told Cointelegraph at Paris Blockchain Week 2023.

23.03 / 17:07

business regulation Tether Circle Usd Coin Banking turmoil pushes crypto to ‘no oversight,’ says Circle CEO

The ongoing crisis and uncertainty around the global banking system could push the cryptocurrency market into a more gray area in terms of regulation, Circle chief executive believes.

23.03 / 01:55

business Blockchain Technology Stablecoin transactions swift Usd Coin Withdrawals Xapo Bank to enable USDC deposits and withdrawals

Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to SWIFT. Payment rails refer to the infrastructure and technology used to facilitate the movement of funds between parties in a financial transaction. Payment rails come in many forms, including traditional bank wires, credit card networks, and blockchain-based platforms.

21.03 / 02:35

business Stablecoin Adoption MasterCard Usd Coin Mastercard to settle transactions for stablecoin wallet in APAC

Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables.

17.03 / 23:53

business Stablecoin Circle Usd Coin moody’s regulatory USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s

Recent turmoil in the traditional banking sector, culminating in USD Coin (USDC) losing its peg, could negatively affect stablecoin adoption and potentially increase calls for regulation, argued credit rating agency Moody’s Investors Service.

17.03 / 07:59

Ethereum Stablecoin Adoption Trading Banks Marketplace Usd Coin SVB collapse chilled NFT trading volumes: DappRadar

Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under.

15.03 / 05:05

business Stablecoin Tether Circle Market Capitalization Usd Coin reserves Circle CEO 'able to access' $3.3B of USDC's reserves at Silicon Valley Bank

Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds held with the collapsed bank, Silicon Valley Bank (SVB).

14.03 / 15:19

business Tether SVB Silvergate Usd Coin Bitcoin Signature Bank SVB crisis: Here are the crypto firms denying exposure to troubled US banks

Amid the ongoing United States banking crisis, several major cryptocurrency firms have denied exposure to dissolved U.S. banks like Silicon Valley Bank (SVB).

14.03 / 09:39

Blockchain Stablecoin Banks data Silicon Valley Usd Coin Debtors saved over $100M using de-pegged stablecoins to repay loans

The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors to save a total of more than $100 million on their loans.

13.03 / 17:49

business Blockchain Usd Coin Redemptions 314M USDC sent to null address as redemptions begin: Report

According to Web 3.0 analytics platform Watchers (0xscope), a total of 314.167 million USD Coin (USDC) has been sent by its issuer, Circle, to the Ethereum null address with header 0x00 on Mar. 13. The null address is typically used to remove tokens from circulation via one-way transactions.

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