Tag: USDC
Hong Kong urged to issue stablecoin to compete with Tether and USDC
Within the crypto ecosystem, yet another bill is emerging on the Asian side. Influential Hong Kong Voices Call for Issuance of Hong Kong Dollar (HKDG) Stablecoina move that could redefine…
USDC: This is how Coinbase wanted to stabilize the stablecoin
After stablecoin USDC lost its dollar price peg in mid-March, Coinbase is said to have launched a $3.3 billion emergency package. Source: BTC ECHO The post How Coinbase wanted…
Circle: Silicon Valley Bank’s USDC Reserves Available Again
Circle has regained access to its USDC reserves at bankrupt Silicon Valley Bank, according to CEO Jeremy Allaire. Source: BTC ECHO The post Circle regains access to reserves at…
USDC Panic Sell: How One Trader Lost $2M
In a frantic attempt to exchange two million USDC for USDT, a trader only got back five cents instead. Source: BTC ECHO The post USDC Panic Selling: How a…
Bitcoin explodes as USDC stablecoin regains parity with the dollar
The weekend had started in an apocalyptic atmosphere, between the revelation of the consequent exposure of Circle to the bankrupt bank Silicon Valley Bank, and the sudden unscrewing of the…
USDC: stablecoin loses peg to US dollar
USD Coin (USDC) has lost its price peg and is falling below one US dollar. Investors are alarmed. Source: BTC ECHO The post Stablecoin gone astray: USDC loses peg…
Aid organization donates USDC stablecoin to Ukraine
The United Nations (UN) has been investing in guaranteeing fundamental humanitarian rights such as peace, security, human rights and sustainable development for decades. To date, the UN has relied on…
Binance: USDC withdrawals resumed
The world’s largest crypto exchange, Binance, announced that withdrawals from stablecoin USDC will resume on the platform. The company had temporarily paused the processing of withdrawal requests. Source: BTC…
FTX Crash Domino Effect: Binance Temporarily Halts USDC Withdrawals
© Reuters Investing.com – Binance, the world’s largest cryptocurrency exchange, announced on Tuesday that it has halted withdrawals from the USDC stablecoin while it conducts a “token swap.” “Binance is…
Circle: Company behind stablecoin USDC cancels IPO
Circle, the company behind stablecoin USDC, is shedding its IPO. The planned SPAC deal is thus off the table. Source: BTC ECHO The post Circle: Company behind stablecoin USDC…
Binance will convert users’ USDC into its own stablecoin
The move aims to improve capital liquidity and efficiency for users, the company said in a statement. Binance said it will remove and cease all trading on spot pairs that…
Stablecoins like Tether, USDC and Co. are so safe.
Stablecoins are intended to exude value stability in a volatile environment by being tied to a stable asset such as precious metals or fiat currencies. Investors can use the tokens…