USDC Added to Ethereum’s Layer 2 Scaling Option Arbitrum
Using Arbitrum's ecosystem, Circle's stablecoin may be transferred more efficiently and between more blockchains.
According to Circle's official release, the Ethereum-based layer two…
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USDC
Circle Isolating USDC from Potential US Debt Crisis
In light of the recent debate over the debt limit in the United States, Circle has taken bold action.
Circle Internet Financial, a major player in the cryptocurrency industry and the…
Nimiq combines gas-abstracted USDC transactions with Polygon
The Nimiq Wallet now allows Polygon users to send and receive gas-abstracted USDC.
Tokenized financial transaction network If you utilize Polygon and Nimiq, you can do gas-abstracted…
MakerDAO seeks to reduce volatility after USDC issues moved some users to DAI
From March 10, the supply of USDC decreased by 5% while the supply of DAI soared, jumping from 5.1 billion to 6.3 billion.
As customers migrated away from USDC due to worries about…
After the Fed’s statement, the USDC has rebounded near its $1 peg
Obtained by adding linked to Circle's $3.3 billion in reserves stored at Silicon Valley Bank and its new banking partners have caused the USDC to return to its $1 peg.
USDC is regaining…
The USDC falls to a record low as investors withdraw funds from the stablecoin
USDC has been smashed with a damaging wave after news of the bankruptcy of Silicon Valley Bank on March 11. The stablecoin issuer Circle said it deposited $3.3 billion with the collapsed…
Circle states that $3,3 billion in USDC reserves are held at Silicon Valley Bank
After remaining relatively quiet on Friday, Circle disclosed that it had $3.3 billion in exposure to Silicon Valley Bank, which failed earlier that day and was put under FDIC receivership.
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Mastercard will enable cryptocurrency transactions via Web3 through USDC settlements
The Mastercard-Immersve cooperation employs decentralized protocols to settle bitcoin transactions in real-time at online retailers that accept Mastercard payments.
Via a cooperation…
Approximately 65 percent of USDC reserves are stored in US Treasury notes
The amount of US Treasury notes owned by Circle Reserve Fund continues to increase.
As of November 30, 2022, Circle has $43.4 billion in USDC reserves to support 43.23 billion USDC in…
Binance Suspends Deposits of USDT and USDC Based on Solana
Binance, the biggest cryptocurrency exchange by reported trading volume has stopped deposits of Tether (USDT) and USD Coin (USDC), two stablecoins issued by Solana.
Users of the trading…
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