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Cryptocurrency exchange Coinbase has voted on a recommendation by the MakerDAO community to transfer one-third of USDC from the $1.6 billion Stability Stability Module (PSM) to Coinbase Prime at 1.5% per year.
Automatic conversion of Binance USDC, USDP and TUSD in user balances to BUSD at a ratio of 1:1 will result in a decrease in USDT’s market share. Evgeny Gaevoy, CEO and founder
The share of deposits held by the top 1% of USDC addresses hit a 22-month low of 88.667%. This was noticed by Glassnode analysts. 📉 $USDC Percentage of Supply Held by Top
Ethereum co-founder Vitalik Buterin has criticized the MakerDAO platform’s idea of ​​rebalancing the DAI stablecoin collateral, which involves selling $3.5 billion worth of USDC for ETH. The purpose of the DeFi platform
Circle blacklisted the USDC wallet addresses of its mixing service Tornado Cash after its launch. OFAC sanctions. Circle froze 75,000 USDC belonging to unsuspecting Tornado users and 149 USDC donated to the
Analysts at Arcane Research have predicted continued growth in the capitalization of USDC from Circle and further decline in market share of USDT from Tether, the largest stablecoin available. We are confident
Of the $55.7 billion Coin (USDC) stablecoin collateral, $42.12 billion was held in US Treasury bonds and $13.58 billion in cash-issued banks. Such data is included in the Circle partner publisher’s unaudited
Jeremy Allaire, Circle co-founder and CEO, provided details on how the USD Coin (USDC) stablecoin works. The initiative aims to build trust amid industry complexities in the wake of Terra’s collapse. 1/
The total market cap of USDT stablecoins issued by Tether has dropped to $69.3 billion, last seen in October 2021. Before Terra’s collapse, the figure was $83.42 billion (as of May 1).
Circle, operator of USD Coin (USDC), has added support for Polygon’s second-tier solution for using stablecoins on its payment platform. 1/8 Circle is proud to announce its support @0xPolygon USDC on Circle’s
