USD Coin

Breaking: Circle Receives Major Crypto Payments Institution License In Singapore

USDC stablecoin issuer Circle Internet Financial receives in-principle approval as a Major Payments Institution License holder from the Monetary Authority of Singapore (MAS). The company will provide digital payment token products, cross-border and domestic transfer services in the city-state. Moreover, Circle looks to drive institutional crypto adoption of USD Coin (USDC) in DeFi and Web3 The post Breaking: Circle Receives Major Crypto Payments Institution License In Singapore appeared first o

USDC Issuer Circle’s $9 Billion Acquisition, Public Listing Suffers Delay

Special purpose acquisition company Concord Acquisition Group plans to further delay USDC issuer Circle’s acquisition to January 2023. Circle’s CEO Jeremy Allaire earlier confirmed plans to go public in Q4 2022 after closing the acquisition deal. Meanwhile, the USD Coin (USDC) market cap continues to shrink as compared to the rival stablecoin USDT. SPAC Plans The post USDC Issuer Circle’s $9 Billion Acquisition, Public Listing Suffers Delay appeared first on CoinGape.

Just-In: Justin Sun Reveals Reason Behind $236 Million USDC Cash Out

Tron founder Justin Sun clears rumors surrounding massive transactions through his accounts in recent weeks. He said the rumors of cashing out USDC are false and the transactions with Circle are only internal fund sorting and allocation. Justin Sun remains highly bullish on crypto and blockchain, as well as looks to increase hiring. Justin Sun: The post Just-In: Justin Sun Reveals Reason Behind $236 Million USDC Cash Out appeared first on CoinGape.

This Cryptocurrency Could Benefit From Binance BUSD Auto Conversion?

Stablecoins enjoy the privilege of being one of the most traded types of cryptocurrencies by the virtue of their application. For a long time in recent past, a few major stablecoins enjoyed the pole position in the category. But the Binance BUSD auto conversion has certainly brought about a sea change in stablecoin scene. The The post This Cryptocurrency Could Benefit From Binance BUSD Auto Conversion? appeared first on CoinGape.

Breaking: Circle Advances Institutional Adoption Of USDC In DeFi And Web3

Payments technology company Circle on Saturday announced creating the first Verite KYB (know your business) credentials that can be easily accessed on the MetaMask Institutional wallet. Circle partners DeFi uncollateralized lending protocol TrueFi to enable support for Verite KYB credentials and access with USDC stablecoin. Circle Partners TrueFi for Institutional Adoption of USDC During the The post Breaking: Circle Advances Institutional Adoption Of USDC In DeFi And Web3 appeared first on Coi

Jack Dorsey’s TBD Partners Circle To Support Global Mainstream Adoption Of USDC

TBD, a subsidiary of Jack Dorsey’s payment firm Block, has partnered with Circle to collaborate on open standards and open-source technologies to enable the mainstream adoption of digital currencies in payments and financial applications globally. TBD will support cross-border remittances and self-custody of USDC stablecoin. Jack Dorsey’s TBD and Circle to Support USDC Cross-Border Transfer The post Jack Dorsey’s TBD Partners Circle To Support Global Mainstream Adoption Of USDC appeared first o

Circle’s USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here’s Why

Circle’s USD Coin (USDC) market cap continues to tumble below $50 billion as whales lose confidence in the stablecoin and exchanges delist USDC amid censorship risks. After the Terra-LUNA crisis and liquidity crisis, some believed the USDC stablecoin will dethrone Tether (USDT). However, the market cap has declined from a high of $55.90 billion in The post Circle’s USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here’s Why appeared first on CoinGape.

USD Coin [USDC] vs TerraUSD [UST]- Investors can consider this winner

It seems like the armies are gearing up for a battle of stablecoins. Looking at the top ten cryptos by market cap, it’s clear that Tether [USDT] reigns supreme. However, USD Coin [USDC] is the fifth biggest crypto by market cap and the second biggest stablecoin. In tenth place at press time was TerraUSD [UST]. […]

Russia Invasion Could Boost Bitcoin (BTC), Ethereum (ETH) and Stablecoins, According to Bloomberg Intelligence

Bloomberg Intelligence says that Russia’s invasion of Ukraine could aid in driving up the prices of Bitcoin (BTC) and Ethereum (ETH). In the March edition of Crypto Outlook, the research arm of media giant Bloomberg says that the energy price hikes caused by the current geopolitical crisis in Eastern Europe could help Bitcoin evolve as […] The post Russia Invasion Could Boost Bitcoin (BTC), Ethereum (ETH) and Stablecoins, According to Bloomberg Intelligence appeared first on The Daily Hodl.

Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools. In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena due to the resiliency they bring to the s

Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines

Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. The growth of stablecoin's market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times.Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position t

Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio

Looking to build a diversified crypto portfolio? DeFi, stablecoins and oracles are three cornerstone sectors to consider. Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market.The concept of multi-sector investing has long been advocated in traditional finance a

Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow

The Boston-based cryptocurrency finance firm Circle has announced the company has raised $440 million in financing in order to “drive market expansion and growth.” The investment was led by prominent finance firms like Digital Currency Group, Fidelity Management and Research Company, and FTX. Circle Reveals $440 Million in Financing Circle Internet Financial, Inc. has revealed […]

ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance

The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor. Stablecoin issuing platform ICHI has launched a Decentralized Monetary Authority, or DMA, that enables cryptocurrency networks to more easily mint their own stablecoins securely. By utilizing ICHI’s DMA, cryptocurrency communities can create and govern their own fully-collateralized stablecoins and set their value at exactly $1. ICHI’s d

Analyst says DeFi and stablecoins held up well as crypto markets imploded

DeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption. The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices. Despite rapidly declining token prices, the nascent DeFi sector hel

More Americans have heard of Dogecoin than Ethereum: Survey

One has introduced smart contracts and is the fabric of decentralized finance, the other is... a meme. In just over five years since it launched, Ethereum introduced the world to smart contracts, decentralized finance, yield farming and non-fungible tokens, and has long stood just behind Bitcoin as the second-largest blockchain project by market capitalization.Dogecoin (DOGE) is a meme cryptocurrency which has provided no innovation, has no real raison d'etre, and is only pop

The way of the stablecoin: A journey toward stability, trust and decentralization

Stablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year. Bitcoin (BTC) and other cryptocurrencies have opened the doors to a whole new world of finance. In their most basic form, cryptocurrencies allow people to transact in a fully trustless, transparent and efficient manner, cutting out the centralized intermediaries and counterparty risk previously associated with digital money transfe

Stablecoins on Ethereum Doubled in Q1 Thanks to DeFi

In the past year, the supply of stablecoins on Ethereum has increased nearly sevenfold.

Biggest one day USDC print in history marks lowest Bitcoin dominance in years

The $3 billion USDC influx puts the total supply of the stablecoin at around $14,4 billion, reaching over a quarter of Tether's market cap. More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted in one fell swoop. New USD Coins are minted whenever a customer exchanges their U.S dollars for the stablecoin, and Friday’s influx amounted to over 26% of its market cap at the time. The sudden arr

Payment Giant Visa Integrates USDC Stablecoin Support for Settlement

On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network. A lot Has Changed Since Dee Hock founded Visa Visa has announced cryptocurrency […]