USDC | ForkLog

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 20 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 13 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 37 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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ForkLog 18 29.09.2022

Block’s TBD and Circle unite to promote stablecoins

Block's Jack Dorsey unit, TBD, and Circle, the company behind USDC, have agreed to a partnership to promote the use of stablecoins in savings and cross-border settlements.

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ForkLog 8 19.09.2022

WazirX to introduce automatic conversion of USDC to BUSD, following Binance

From September 26, the Indian cryptocurrency exchange WazirX will stop accepting deposits in stablecoins USDC, USDP and TUSD and will delist the related trading pairs.

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ForkLog 13 16.09.2022

JPMorgan Analysts See USDT’s Role Rising Amid Binance’s BUSD Moves

Automatic conversion {{AOPEN_1}}Binance{{ACLOSE_1}} stablecoins {{AOPEN_2}}USDC{{ACLOSE_2}}, USDP and TUSD on user balances into BUSD will heighten the role of {{AOPEN_3}}USDT{{ACLOSE_3}} in cryptocurrency trading. JPMorgan analysts arrive at this conclusion, per The Block.

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ForkLog 20 07.09.2022

Coinbase proposes MakerDAO move one-third of USDC to Coinbase Prime

The cryptocurrency exchange Coinbase has put to a community vote a MakerDAO proposal to move one-third of USDC from the stability module (PSM) valued at $1.6 billion to Coinbase Prime at an interest rate of up to 1.5% per year.

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ForkLog 12 06.09.2022

Expert flags risks to USDT as Binance moves to convert stablecoins

Automatic conversion of Binance USDC, USDP and TUSD on user balances into BUSD at 1:1 would reduce USDT's market share, according to Wintermute CEO and founder Evgeny Gaevoy.

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ForkLog 7 22.08.2022

USDC Held by the Top 1% of Addresses Falls to a Two-Year Low

The share of deposits held by the top 1% of USDC addresses fell to a 22-month low of 88,667%. Glassnode analysts noted this.

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ForkLog 142 15.08.2022

What is the USDC stablecoin?

What is USDC? How does it differ from other stablecoins? What assets back its reserves? We explain in brief.

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ForkLog 8 11.08.2022

Vitalik Buterin criticises MakerDAO’s plan to sell USDC worth $3.5 billion

Ethereum co-founder Vitalik Buterin criticized MakerDAO's idea to rebalance the collateral backing the DAI stablecoin.

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