USD Coin

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 […]

Stablecoin reserves on crypto exchanges hit new historic high of $10B

Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin. Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges.According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion.Cryptocurrency exchanges are now holding nearly 16% of the total market value of all stablecoins, as

Visa plans to allow partners to settle fiat transactions with crypto

Visa’s partners will be able to exchange USDC over the payment network to clear transactions made in fiat currency. Major credit credit provider Visa is piloting a program that will allow its partners to use the Ethereum (ETH) blockchain to settle a transaction made in fiat.In a Monday announcement, Visa said it will be partnering with cryptocurrency exchange platform and card issuer Crypto.com to offer a crypto settlement system for fiat transactions later this year. Visa’s

On-chain stablecoin volume surpasses $360 billion for February

Tether held most of February's record stablecoin volume, with USDC and DAI coming next. The post On-chain stablecoin volume surpasses $360 billion for February appeared first on The Block.

Circle Launches USD Coin on the Stellar Network

Circle and the Stellar Development Foundation (SDF) announced that the second-biggest stablecoin is now available within their network. USD Coin (USDC) is accessible through five integrated wallets, and it can be tradeable on their ecosystem, said the USDC issuer. Stellar Has Been the Official Chain of USDC Since October 2020 Per the announcement, the stablecoin […]

Circle Is Making It Easy to Go From Your Bank to DeFi With USDC

USDC backer Circle has announced ACH payment integration, allowing customers to easily transfer between the USDC stablecoin and US dollars.

Circle Is Making It Easy to Go From Your Bank to DeFi With USDC

USDC backer Circle has announced ACH payment integration, allowing customers to easily transfer between the USDC stablecoin and US dollars.

Stablecoin Risks a ‘High-Level Focus,’ Says Federal Reserve Chair

Powell reiterated today during a webinar that the central bank is taking a careful look at stablecoins and their effects.