USD Coin

Blockchain analysts have honed in on a significant transaction originating from a wallet associated with Ethereum (CRYPTO: ETH)  co-founder Vitalik Buterin. What Happened: In the transaction, Buterin transferred approximately $14.9 million worth of USD Coin (CRYPTO: USDC) to the popular...

While Honda Motor Co Ltd (NYSE: HMC) announced the expansion of its payment options covering almost 46 cryptocurrencies in early October, the reality was that consumers could only use these cryptocurrencies to purchase automobiles through a third party, FCF Pay. The...

The decline in the market value of stablecoin USD Coin (CRYPTO: USDC) can be attributed to a growing trend of investors looking to "de-risk out of the U.S." amid concerns about the country’s banking sector and regulatory challenges, according to Circle CEO. What Happened: Jeremy Allaire, the...

Open Exchange (OPNX), a crypto-focused exchange that offers to trade claims of bankrupt cryptocurrency companies, has officially launched, according to a tweet by CEO Leslie Lamb. OPNX provides a platform for trading claims related to crypto exchange bankruptcies, with a claimed market value of $20...

Jeremy Allaire, CEO and co-founder of Circle, on Sunday thanked the U.S. government and financial regulators for their decisive action to address the risks associated with the fractional banking system.  What Happened: Circle’s USD Coin (CRYPTO: USDC) is climbing back to its $1...

A mysterious whale transferred 312 million USD Coin (CRYPTO: USDC) from Circle Internet Financial to exchanges in just the last eight hours. What Happened: On-chain data analytics platform Lookonchain found a mysterious whale activity after Coinbase (NASDAQ: COIN) said on Thursday that it...

Sen. Pat Toomey (R-Pa.), has introduced a bill that outlines a federal framework for regulating stablecoins — just two weeks before he is set to retire. What Happened: Aiming to "guide Congress" toward future crypto regulation, Toomey said his bill would create a new federal...

Coinbase (NASDAQ: COIN) has urged its customers to switch from Tether (CRYPTO: USDT) to USD coin (CRYPTO: USDC), billing it as the "most dependable and reputable digital dollar." What Happened: In a blog post on Thursday, Coinbase said that USDC is fully backed with “high-...

Last month, Blockworks hosted its Digital Asset Summit (DAS) at the Royal Lancaster Hotel in London, England. During this event, builders, financiers and enthusiasts gathered to speak about the new world of finance and cryptocurrency that’s still developing. At the time, the markets were...

Stablecoins pose massive risks to financial stability, and remain vulnerable to liquidity risks, according to a November Financial Stability report published by the U.S. Federal Reserve. What Happened: According to a survey by the Federal Reserve, over 20% of respondents believe that...

Stablecoins are usually described as the remedy to the volatility of cryptocurrencies. However, Michael S. Barr, vice chair for Supervision for the U.S. Federal Reserve is worried they could “pose a risk to the financial stability” of the country. See Also: TOP...

Crypto exchange Coinbase Global Inc (NASDAQ: COIN) plans to merge its U.S. dollar order book with its USD Coin (CRYPTO: USDC) order book. What Happened: In an announcement on Wednesday, Coinbase said it plans to unify the two order books to create “more seamless trading with deeper liquidity...

Merchants who use a leading cryptocurrency company for their commerce solutions now have the option to accept several additional cryptos for payment. Here are the details. Faster Payments: Coinbase Commerce, a unit of Coinbase Global (NASDAQ: COIN) announced an update Tuesday that includes...

Solend (CRYPTO: SLND), a decentralized finance (DeFi) lending and borrowing platform, recently highlighted the scarce decentralization most such projects face, as it tried to defuse a ticking bomb that might wreck Solana's (CRYPTO: SOL) DeFi ecosystem and its liquidity. What...

This article was originally published in April 2022.  Rising costs are driving investors to rethink where to put their money. Interest rates are rising, but the rates you can get at your local bank are still not very attractive.  Circle, a peer-to-peer digital payments company, allows...