USDC | ForkLog

ForkLog 17 18.03.2023

Moody’s: USDC depeg could erode trust in stablecoins

Analysts at Moody’s believe that the recent depegging of USD Coin (USDC) from the US dollar could hamper the development of stablecoins and lead to tighter regulation.

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ForkLog 17 16.03.2023

USDT doubles USDC in market capitalization

USDT's market capitalization rose to $74.7 billion, almost double that of its nearest competitor.

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ForkLog 18 15.03.2023

Circle trims USDC supply by 4.5 billion coins in five days

From March 10, Circle, the co-issuer of the stablecoin USD Coin (USDC), redeemed about 6.2 billion USDC, according to data from Arkham.

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ForkLog 23 13.03.2023

Circle reassures on resolving USDC banking-support issues.

The price of the stablecoin USDC has nearly returned to par amid statements from regulators and the coin’s issuer, Circle.

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ForkLog 22 12.03.2023

MakerDAO to adjust protocol parameters to limit USDC problems’ impact on DAI

In an 'emergency vote', the MakerDAO community approved a proposal to adjust protocol parameters. The changes are intended to limit the impact of USD Coin (USDC) problems on the decentralized stablecoin DAI.

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ForkLog 17 12.03.2023

Circle promises to cover ‘any shortfall’ in backing for USDC

Circle uses corporate funds and “external capital” to back USD Coin (USDC) if it is unable to timely and fully return part of the stablecoin reserves held on accounts at Silicon Valley Bank.

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ForkLog 38 11.03.2023

USDC loses peg to the dollar amid SVB collapse

The USD Coin (USDC) stablecoin lost its peg to the US dollar and, at the time of writing, trades at $0.92 after its issuer Circle announced it held $3.3 billion in reserves at the government-closed Silicon Valley Bank (SVB).

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ForkLog 9 23.02.2023

WSJ: USDC stablecoin operator to raise headcount by 25%

Circle plans to raise headcount by 15-25% by year-end.

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ForkLog 23 18.01.2023

Waves DEX users report withdrawal issues for USDT and USDC

Waves DEX users have been unable to withdraw funds from the network's internal protocol for several months.

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ForkLog 17 17.01.2023

Circle publishes first annual report on the USDC economy

Circle — the operator of the stablecoin USD Coin (USDC) — has released its first annual report on the development and prospects of the coin's economy.

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ForkLog 18 13.12.2022

Binance resumes USDC withdrawals

The cryptocurrency exchange Binance paused withdrawals of the USD Coin (USDC) stablecoin on the Tron, BNB Chain and Ethereum networks. The restrictions did not affect USDT and BUSD.

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ForkLog 10 09.12.2022

Coinbase invites retail customers to convert USDT to USDC

Coinbase launched a campaign to shift the bitcoin exchange's retail customers from Tether (USDT) to a reliable and trusted stablecoin, USD Coin (USDC). The platform will waive the conversion fee.

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