USDC | ForkLog

ForkLog 18 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 15 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 25 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 8 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 19 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 10 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 16 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 8 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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ForkLog 9 05.12.2022

Circle abandons SPAC plan to go public

The Circle, the company behind the stablecoin USD Coin (USDC), terminated its reverse merger with SPAC Concord Acquisition Corp.

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ForkLog 11 10.11.2022

Crypto.com Suspends USDC and USDT Withdrawals on Solana Amid FTX Crisis

The cryptocurrency platform Crypto.com suspended deposits and withdrawals in stablecoins USDC and USDT on the Solana blockchain. The company cited "recent events in the industry".

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ForkLog 11 04.11.2022

Circle shifts part of USDC reserves into a BlackRock-managed fund

Circle has begun transferring reserves of the USD Coin (USDC) stablecoin into a special fund created by BlackRock and registered with the U.S. Securities and Exchange Commission.

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ForkLog 24 25.10.2022

MakerDAO to deploy a third of $1.6 billion USDC in Coinbase Prime

The MakerDAO community supported the proposal to transfer one third of USDC from the Peg Stability Module (PSM) worth $1.6 billion to Coinbase Prime at an interest rate of up to 1.5% per year.

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