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3232USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
https://www.digit.info/usdc-dominated-trading-volume-on-decentralized-exchanges-amidst-depegging-incident/
Sun, 12 Mar 2023 14:30:56 +0000https://www.digit.info/2023/03/12/usdc-dominated-trading-volume-on-decentralized-exchanges-amidst-depegging-incident/Read more]]>On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, […]
]]>Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
https://www.digit.info/binance-increases-usdc-holdings-as-busds-market-cap-slides-lower/
Tue, 21 Feb 2023 21:30:26 +0000https://www.digit.info/2023/02/21/binance-increases-usdc-holdings-as-busds-market-cap-slides-lower/Read more]]>Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by […]
]]>Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
https://www.digit.info/wazirx-plans-to-delist-3-stablecoins-leftover-balances-will-be-auto-converted-to-busd/
Mon, 19 Sep 2022 22:30:00 +0000https://www.digit.info/2022/09/19/wazirx-plans-to-delist-3-stablecoins-leftover-balances-will-be-auto-converted-to-busd/Read more]]>The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]
]]>Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
https://www.digit.info/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/
Wed, 07 Sep 2022 17:30:16 +0000https://www.digit.info/2022/09/07/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/Read more]]>On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]
]]>Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD
https://www.digit.info/binance-to-drop-usdc-trading-pairs-plans-to-auto-convert-specific-stablecoin-balances-to-busd/
Mon, 05 Sep 2022 23:05:42 +0000https://www.digit.info/2022/09/05/binance-to-drop-usdc-trading-pairs-plans-to-auto-convert-specific-stablecoin-balances-to-busd/Read more]]>The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove […]
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, […]
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by […]
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]
The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove […]