USDC | ForkLog

ForkLog 13 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 7 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 12 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 13 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 9 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 6 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 86 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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ForkLog 12 09.08.2022

Circle freezes USDC on Tornado Cash addresses amid U.S. sanctions

Circle has blacklisted USDC addresses of the Tornado Cash mixing service following OFAC sanctions.

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ForkLog 8 26.07.2022

Arcane Research: USDC to overtake USDT in market capitalization this autumn

Arcane Research forecast continued growth in USDC's market capitalization from Circle and a further decline in the market share of the largest stablecoin — USDT from Tether.

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ForkLog 17 15.07.2022

Circle releases first monthly report on USDC reserves

$42.12 billion of the USD Coin (USDC) collateral was held in U.S. Treasuries, $13.58 billion in cash at regulated banks. Such data are contained in Circle's unaudited co-emitter report as of the end of June.

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ForkLog 18 04.07.2022

Circle CEO reveals details of USDC backing

Co-founder and Circle CEO Jeremy Allaire presented details of how USD Coin (USDC) operates. The initiative aims to bolster trust amid industry difficulties following the Terra collapse.

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