Crypto
Circle Rebalances its Treasury Holdings as Risk of US Default Looms
Circle no longer holds Treasuries maturing beyond early June.
Total Stories
28
News
USDC
Section
USDC
Market Analysis
Circle’s Q3 Surge: Stablecoins to Cement the USD’s Global Grip
Circle’s Q3 earnings report underscores how stablecoins are becoming silent engines of U.S. financial power - embedding globally in a profitable and compliant manner.
Crypto
Stablecoins Become Safe-Haven Assets in Inflation-Struck Argentina and Turkey
Turkey and Argentina have the highest ownership rate of digital currencies worldwide at 27.1% and 23.5%, respectively.
Market Analysis
MakerDAO Elects to Move Up to $500M USDC to Coinbase in Landslide Vote
MakerDAO is to receive a 2.7% annual yield on up to $500 million worth of USDC it is planning to transfer to Coinbase’s custody.
DeFi
79% of Votes Opt to Keep Reserves in USDC in Recent MakerDAO Proposal
Almost 80% of MakerDAO members voted to retain USDC as primary DAI reserve asset.
Banking
Xapo is Now First Fully Licensed Bank to Offer USDC Withdrawals and Deposits
Xapo will now allow USDC deposits and withdrawals and offer a 4.1% interest rate on the deposits.
Market Analysis
Crypto Market Liquidity Improved Significantly as USDC Regains Dollar Peg
USDC regaining its peg helped bring in $100 million in liquidity to crypto markets.
Crypto
Is USDC Really at Risk? A Deep Dive into Reserves
After hitting an all-time low of around $0.8774 on Saturday, USDC quickly started recovering, surging to above $0.91.
Policy
Binance Pauses USDC Withdrawals as Outflows Surge to $2B in 2 Days
Binance has temporarily halted USDC withdrawals as it carries out "a token swap," the exchange said Tuesday. Binance saw massive USDC withdrawals a day earlier due…
Market Analysis
Circle and Concord Agree to End the $9B SPAC Deal
Circle ended its $9 billion SPAC deal with Concord as a result of a mutual agreement. The company still plans for a potential public listing in…
Market Analysis
Coinbase Up 4% Despite Missing Revenue Estimates by $60M
Coinbase published its Q3 earnings report and made its shares whipsaw in after-hours trading.
Market Analysis
Circle’s $9B SPAC Deal Delayed to January 2023: Report
Circle's $9 billion SPAC merger with Concord Acquisition Corp. got delayed once again until January 2023 due to procedural issues.
Crypto
MakerDao Proposes to Transfer 33% of its $1.6B PSM in USDC to Coinbase
MakerDAO governance proposal is meant to transfer $528M worth of USDC to earn Coinbase custody rewards.