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During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation … Read more
Amid Tether losing market share over the past few weeks, the Circle-backed USDC stablecoin has been notably growing, with the market value surging to $55 billion. Go to Source Powered by WPeMatico
Circle and CYBAVO intend to further promote the adoption of USD Coin and Web3 applications while integrating technology deeply into their core product suite. Go to Source Powered by WPeMatico
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.” Go to Source Powered by WPeMatico
On Tuesday, the financial technology company Checkout.com announced that it will allow merchant settlements using the stablecoin USDC via a partnership with the crypto firm Fireblocks. Checkout.com further detailed that in a beta test with select clients, the company settled $300 million in transaction volume leveraging the USDC stablecoin. Checkout.com Leverages the Stablecoin USDC Checkout.com … Read more
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology. Circle Reveals Polygon-Supported USDC Circle has revealed that usd … Read more
Binance CEO CZ voices skepticism around the relaunch of the Terra blockchain and its new LUNA token following the latest fiasco. Go to Source Powered by WPeMatico
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back. Go to Source Powered by WPeMatico
After an earthquake there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed. Go to Source Powered by WPeMatico
Mike McGlone, senior commodity strategist at Bloomberg, and financial commentator Frances Coppola discuss the implications of last week’s Terra collapse in Cointelegraph’s latest interview. Go to Source Powered by WPeMatico
