Browsing: USD Coin

The post 9 Out 10 Investors Prefer TMS Network (TMSN) Over Binance USD (BUSD) And USD Coin (USDC) appeared first on Coinpedia Fintech News The craze around stablecoins was already declining, but the de-pegging of USD Coin (USDC) has catalyzed the downfall. Even Binance USD (BUSD…Read More

USD Coin (USDC) issuer Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France — expanding its operations in Europe. The post USDC issuer Circle seeks regulatory approval in France amid US banking troubles appeared first on CryptoSlate…Read More

Binance moved BUSD from its SAFU insurance fund into USDT and TUSD since Paxos cannot mint new BUSD coins…Read More

The recent collapse of the Silicon Valley Bank (SVB) and the USD Coin (USDC) de-peg halted the hype around Non-Fungible Tokens (NFTs) while benefitted the activity on Decentralized Finance (DeFi), as the recent DappRadar report revealed. The post U.S. Banking turmoil halts NFT hype as DeFi thrives appeared first on CryptoSlate…Read More

MakerDAO’s RWA holdings led to profits amid stablecoin market issues. Protocol maintains stability but faces a decline in unique users. The stablecoin market faced a significant challenge as USD Coin [USDC] came under scrutiny. MakerDAO, the protocol behind stablecoin DAI, also felt the impact. But despite this…Read More

USDC regained its peg after Circle moved quickly with new banking partners. USDC demonstrated signs of demand and volume recovery. Circle faced its toughest week so far this year after USD Coin [USDC] lost its dollar peg. It has since recovered, but the stablecoin issuer just released a new update regarding its USDC operations…Read More

USDC is gradually regaining its $1 peg after the Circle CEO confirmed that its reserves are secure and that the company has new banking partners. Allaire lauded the efforts of the U.S. government and the Federal Reserve for its $25 billion funding program. Circle’s stablecoin USD Coin (USDC) was regaining its $1 peg…Read More

U.S. cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender Silicon Valley Bank, the company said in a https://bit.ly/428fczh” target=”_blank” rel=”noopener”>tweet on Friday.Read More

Circle USD Coin (USDC) saw its supply drop by 10 billion to 32 billion in March despite its increased usage among smart contracts. The post USDC Supply Shrinks by $10 Billion in March, But Hits 6-Month High on Smart Contracts appeared first on BeInCrypto…Read More