centre – DIGIT INFO

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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Centre Consortium Working to Create ‘Global Network’ of Stablecoins

DIGIT — Wed, 01 Sep 2021 08:30:58 +0000

Centre, the consortium created by Circle and Coinbase around USD coin (USDC), has assembled a team of new executives to power its expansion overseas. The new team, comprising six new executives assembled by David Puth, CEO of Centre, will look to support new partners and add new alliances to keep the company growing in the […]

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Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets

DIGIT — Tue, 20 Jul 2021 21:30:53 +0000

On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre Consortium’s accountant, Grant Thornton explaining that the stablecoin’s reserve account information matches the accompanying reserve account […]

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Circle to Go Public via Bob Diamond-Backed SPAC Deal — Boston Firm Valued at $4.5 Billion

DIGIT — Thu, 08 Jul 2021 19:30:37 +0000

The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a valuation of $4.5 billion. Circle Announces SPAC Deal With Plans to Go […]

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Centre to Expand USDC to Ten More Blockchains; Launches on Tron

DIGIT — Thu, 01 Jul 2021 16:30:23 +0000

Centre, the consortium behind the issuance of USD Coin (USDC), announced it will launch the popular asset on 10 more blockchains. This would expand the reach of USDC to other environments and could make it more popular as a commercial and staking currency. While Centre made the announcement only recently, USDC surprisingly launched on Tron […]

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Coinbase Launches High Yield USDC Accounts With 4% APY

DIGIT — Wed, 30 Jun 2021 05:30:37 +0000

Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange […]

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USDC Attestations Run Late, Raising Alarms in the Crypto Community

DIGIT — Tue, 25 May 2021 05:30:03 +0000

USDC, the second most popular stablecoin in the cryptocurrency market, is late in releasing its attestations, which are documents that certify the number of dollars the custodian Centre holds in banks. The last attestation available for the currency dates back to February when the currency had a market cap of nine billion dollars. This fact […]

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Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses

DIGIT — Sat, 07 Nov 2020 04:30:16 +0000

Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U.S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10.75%. On September 26, 2018, Circle and the Centre open-source consortium launched an ERC20 token called USD Coin or […]

The post Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses appeared first on Bitcoin News.

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Liquid Exchange Launches BCH/USDC Trading Pairs

DIGIT — Wed, 10 Jul 2019 05:15:06 +0000

The global cryptocurrency trading platform Liquid has announced the release of its new BCH/USDC trading pairs allowing anyone to swap bitcoin cash for the popular stablecoin USDC. Moreover, Liquid users will soon be able to connect their accounts to Bitcoin.com’s new Bitcoin Cash Register app and receive USDC directly. Also read: A Complete A-Z of […]

The post Liquid Exchange Launches BCH/USDC Trading Pairs appeared first on Bitcoin News.

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Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto Use

DIGIT — Sat, 21 Jul 2018 23:34:27 +0000

India’s central bank told the country’s supreme court on Friday that “allowing dealings in cryptocurrencies like bitcoin would encourage illegal transactions.” Other crypto petitions being heard include one asking the government to “take emergency steps to restrain the sale and purchase of illegal cryptocurrencies.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Argument […]

The post Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto Use appeared first on Bitcoin News.

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