USDC | ForkLog

ForkLog 25 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 14 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 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 16 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 39 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 22 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 21 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 13 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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