Browsing Tag
USD Coin
68 posts
First Citizens Bank set to complete SVB takeover
The US Federal Deposit Insurance Corporation (FDIC) facilitates a purchase and assumption agreement between SVB and First Citizens…
Stablecoin supply on cryptocurrency exchanges down 50% in 4 months
Glassnode data on Mar. 26 shows that the stablecoin supply on exchanges has more than halved to less than $24b…
Tether set to post $700m in profits for Q1 2023
Tether, the company behind the most widely used stablecoin, USDT, has announced that it expects to report a…
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the…
Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?
Bitcoin recovers from the USDC’s depeg from the U.S. dollar.
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar.
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash
While the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk…
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.
USDC issuer Circle to increase staff by up to 25% amid layoff season
The plan to expand its workforce comes just months after it mutually called off its plans to go…
