Centre Consortium – DIGIT INFO

USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%

DIGIT — Mon, 17 Oct 2022 17:30:07 +0000

19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44.93 billion. Statistics show that during the last three months, USDC’s market valuation has dropped by more than 19%, shedding approximately $10.59 billion. […]

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Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD

DIGIT — Mon, 19 Sep 2022 22:30:00 +0000

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 […]

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Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision

DIGIT — Wed, 07 Sep 2022 17:30:16 +0000

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.” […]

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Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD

DIGIT — Mon, 05 Sep 2022 23:05:42 +0000

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 […]

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Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge

DIGIT — Thu, 25 Aug 2022 14:15:34 +0000

The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial fashion or trade the tokens on the open market. Coinbase Reveals CBETH […]

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Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations

DIGIT — Sat, 20 Aug 2022 16:30:43 +0000

According to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from Uniswap’s server. 30 out of the 253 Blocked Addresses Are ENS Domain Names, Uniswap […]

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Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralized Assets Cannot Be Frozen

DIGIT — Sun, 20 Feb 2022 07:30:01 +0000

Over the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin and ethereum, cannot be frozen directly within the network. However, the Canadian government can flag specific digital […]

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5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap

DIGIT — Sun, 24 Oct 2021 15:30:26 +0000

During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms of market cap increased by 2% over the […]

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USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months

DIGIT — Sat, 25 Sep 2021 17:00:10 +0000

As of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen its capitalization increase a great deal, rising more than $10 billion in 125 days. Since May, USDC’s Market Cap Increased by 54% In recent times, […]

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USDC to consolidate reserves into cash and US treasuries

DIGIT — Tue, 24 Aug 2021 04:39:14 +0000

Coinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September.

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