USDC | ForkLog - Part 11

ForkLog 29 30.08.2021

USDC Issuer to Build a ‘Global Stablecoin Network’

The Circle-Coinbase consortium Centre has formed a team to extend the distribution of its standard-based stablecoins abroad.

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ForkLog 19 23.08.2021

USDC issuer to shift reserves into cash and U.S. Treasuries

The USD Coin (USDC) reserves from the Centre consortium, which includes Circle and Coinbase, will consist solely of cash and U.S. Treasury bills.

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ForkLog 19 10.08.2021

Circle to become a national full-reserve digital-currency commercial bank

Circle will become a 'commercial cryptocurrency bank with full-reserve banking', whose activities will be regulated in accordance with the risk-management requirements of the Federal Reserve System, the U.S. Department of the Treasury, the OCC and the FDIC.

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ForkLog 22 20.07.2021

Circle discloses details of USDC reserves

The majority of USDC stablecoins are backed by US dollars. The remaining coins are backed by bonds and other highly liquid assets.

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ForkLog 26 08.07.2021

Circle to go public via SPAC merger, valued at $4.5 billion

Circle will go public via reverse merger with SPAC Concord Acquisition Corp. The cryptocurrency company's shares will list on the New York Stock Exchange under the ticker CRCL.

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ForkLog 39 05.07.2021

Fitch analysts flag risks in the growth of stablecoin market capitalization

The growth in the issuance of not fully backed 'safe-asset' stablecoins could lead to breaches of financial stability and, as a result, tighter regulation. Such conclusions are contained in Fitch Ratings' note.

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ForkLog 62 01.07.2021

Centre Consortium Launches USDC Stablecoin on the TRON Blockchain

Circle announced the launch of the Centre-created stablecoin USD Coin (USDC) on the TRON blockchain.

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ForkLog 11 21.06.2021

Tether supply growth stalls as Bitcoin price falls

From June 2 to June 21, Tether (USDT) supply remained at around $64.4 billion, reflecting subdued demand for the stablecoin from clients.

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ForkLog 21 18.06.2021

Maps.me mapping app announces USDC support

The cryptocurrency company Circle announced a partnership with Maps.me, the startup behind the offline navigation service. Under the agreement, the platform will add support for the USD Coin (USDC) stablecoin.

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ForkLog 26 29.05.2021

Circle raises $440 million from FTX, DCG, Fidelity and other investors

The cryptocurrency company Circle closed a $440 million financing round. The investments came from FTX, Digital Currency Group, Fidelity Management, Valor Capital Group and other venture firms.

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ForkLog 21 26.05.2021

Stablecoin market capitalization has surpassed $100 billion

The combined market capitalization of stablecoins has surpassed the $100 billion mark. Since the start of the year, the figure has risen more than threefold.

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ForkLog 17 24.05.2021

USDC market capitalization surpasses $20 billion

USDC market capitalization of the USD Coin (USDC) from the Centre consortium rose above $20 billion. Since January 2021 the figure has risen sixfold.

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