USDC

Auto Added by WPeMatico

Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves

by

On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of … Read more

Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days

by

While the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini has increased by 129.5% during the last 30 days. GUSD Sees Supply Balloon by Nearly 130% There’s been a number of changes within the stablecoin … Read more

EverEarn Expanding to Ethereum Blockchain With $USDC Stablecoin Rewards

by

PRESS RELEASE. It’s no secret to anyone that the past several months have been some of the worst performing markets in virtually every sector, thanks to the macroeconomic effects of high inflation around the world, alongside global uncertainty. The EverEarn team however has spent this time planning their next steps and getting ready for expansion; … Read more

Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year

by

According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s Largest Asset Manager Blackrock … Read more

Microsoft Backs Wemade’s Blockchain Push in $46 Million Investment Round

by

Software giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan Asset Management and Kiwoom Securities. Microsoft Backs Korea-Based Gaming … Read more

Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%

by

Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen to $69.36 billion since then. Circle’s usd coin, on the … Read more

You have not selected any currencies to display