Tagged: usdc

August 20, 2021 @ 11:39 am By JD Alois  |  

Circle is a Fintech that is best known for its dollar-based stablecoin, USDC, that has grown rapidly in recent months. Today, USDC is the second most popular stablecoin following Tether, with a market cap of over $27 billion. While about half the size of Tether… Read More

August 9, 2021 @ 5:00 pm By JD Alois  |  

Stablecoin creator and payments rails operator Circle says it intends on becoming “a full-reserve national commercial bank.” In a blog post, Circle founder and CEO Jeremy Allaire expanded on their mission to become a federally chartered bank. Allaire stated: “We are embarking on this journey alongside the… Read More

August 4, 2021 @ 9:19 pm By JD Alois  |  

Circle, creator of dollar-based stablecoin USDC, has partnered with blockchain domain name provider Unstoppable Domains to offer easily readable usernames for stablecoin payments. Circle, which recently raised $440 million notes that USDC is the world’s fastest-growing dollar digital currency with a market cap of more… Read More

July 28, 2021 @ 3:59 pm By Tony Zerucha  |  

Developers can now provide Polygon’s USDC token via the Polygon ecosystem thanks to the use of Wyre’s Checkout API. This integration provides one of the only fiat to USDC on-ramps for customers around the world and in 43 US states, with the conversion process taking less… Read More

July 26, 2021 @ 9:49 am By JD Alois  |  

Tether, the largest stablecoin by market cap, is said to be a target of a criminal investigation in the US. According to a report in Bloomberg, the US Department of Justice is investigating whether, or not, executives committed bank fraud. Rumblings have long swirled around… Read More

July 19, 2021 @ 6:14 pm By Omar Faridi  |  

The team at global Fintech Circle, which will go public in a $4.5 billion SPAC deal, notes that the promise of decentralized finance (DeFi) is to transform or fundamentally improve financial services by offering greater transparency, security, and community governance by leveraging blockchain or distributed… Read More

July 17, 2021 @ 10:34 am By Omar Faridi  |  

The team at YIELD App, the developers of a fast-growing wealth management platform for digital assets, has published their second progress report – which reveals that users for their app have doubled while assets have increased by 3x since the last update. The YIELD App… Read More

July 16, 2021 @ 6:49 pm By Omar Faridi  |  

Digital currency exchange platform Liquid Group, Inc. and the Stellar Development Foundation (SDF) have revealed that Stellar USDC, a major stablecoin, is now available to Liquid’s exchange clients. Liquid is adding multi-chain support for USDC by expanding its products into a Stellar-enabled version. By bringing… Read More

July 15, 2021 @ 5:06 pm By Tony Zerucha  |  

tZERO announced today the tZERO Crypto app, a cryptocurrency trading platform, now supports Dogecoin (DOGE), USD Coin (USDC), and 0x (ZRX), bringing its number of cryptocurrencies on offer to 10. “Today’s announcement in supporting three new coins comes off the heels of the tZERO Crypto app… Read More

July 15, 2021 @ 12:33 pm By Tony Zerucha  |  

Asian cryptocurrency exchange platform Liquid this week announced Stellar USDC is now available on Liquid. This will include multi-chain support for USDC by expanding into a Stellar-based version. Users will see fee-free USDC withdrawal capabilities, Liquid COO Seth Melamed said. “Liquid focuses on increasing cryptocurrency… Read More

July 12, 2021 @ 11:59 am By Omar Faridi  |  

YIELD App, the decentralized finance (DeFi) wealth management platform that’s focused on combining the best of traditional and digital finance, is pleased to confirm that they have launched a Bitcoin Fund, enabling users to earn “high-interest” returns on the world’s leading cryptocurrency, Bitcoin (BTC). As… Read More

July 8, 2021 @ 5:19 pm By JD Alois  |  

Circle, a digital asset firm that has gone big into stablecoins and services, will become a publicly traded firm in a SPAC deal. Circle is the principal operator of the dollar based stablecoin USD Coin (USDC). Of interest is the fact that Circle also owns… Read More

July 4, 2021 @ 6:49 pm By Omar Faridi  |  

The dramatic growth of stablecoin issuance may eventually have implications for the overall functioning of short-term credit markets, according to Fitch Ratings. The statement by Fitch follows comments late last month by Boston Federal Reserve President Eric Rosengren stating that Tether is a looming risk for… Read More

July 2, 2021 @ 1:33 pm By Omar Faridi  |  

ICHI, the protocol for developing the very first Decentralized Monetary Authorities (DMAs), has teamed up with the 1inch Network in order to launch an in-house stablecoin for the 1inch community. As noted in an update shared with CI, the 1inch community will be leveraging ICHI’s… Read More

June 30, 2021 @ 11:42 am By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team notes in their latest State of the Network report that the cryptocurrency markets plummeted again this last week after more news surfaced about stricter Chinese regulation, including the People’s Bank of China (PBoC) instructing the nation’s financial… Read More

June 28, 2021 @ 12:03 pm By Omar Faridi  |  

Crypto.com revealed on Monday (June 28, 2021) that they are teaming up with global Fintech firm Circle, in order to offer USD deposits and withdrawals to more than 30 different countries. Crypto.com clients may now transfer USD from their bank accounts and get USD Coin… Read More

June 12, 2021 @ 10:06 am By Omar Faridi  |  

Global Fintech Circle is now providing what it claims to be a “market-leading” Yield product developed on major stablecoin USDC. The new product is currently available for certain clients through an Early Access Program, the Circle team confirmed in a recent blog post. As mentioned… Read More

June 2, 2021 @ 2:24 pm By Omar Faridi  |  

The cryptocurrency market has really been tested during the past few weeks following “a cascade of negative news,” the Coin Metrics team notes in its latest report. The resulting crypto market price crash has also been “a big test” for stablecoins, which are becoming a… Read More

June 1, 2021 @ 12:35 pm By Omar Faridi  |  

Digital asset firm Coinbase (NASDAQ:COIN) announced on Monday (May 31, 2021) that it has unlocked stable (stablecoin) pair trading. Crypto exchange Coinbase says its mission is to “increase economic freedom in the world.” According to the company that recently went public, an open financial system… Read More

May 14, 2021 @ 6:38 pm By Omar Faridi  |  

Banxa, an established payment service provider (PSP) for the crypto-asset sector, has reportedly integrated its crypto-to-fiat gateway with Bancor, a liquidity protocol enabling automated cross-chain swaps and liquidity provision to various digital tokens. Through this latest integration, Bancor users will have the option to buy… Read More