You Searched For "usdc" and got 18 results
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2 mins read
Coinbase owns up to mistake over USDC promise, says the stablecoin will be backed by cash and US Treasurys from September
Coinbase said it didn't update its claim USDC is "backed by a dollar in a bank account" fast enough…
Camomile Shumba
2 mins read
Binance to cease support for 3 top stablecoins from Sep 29
Leading crypto exchange Binance has announced to discontinue support for three stablecoins - USDC, …
1 min read
Stablecoin issuer Circle nets $400 million in funding from backers including investment giants Fidelity and BlackRock
Wall Street giants BlackRock and Fidelity are backing Circle, issuer of the USDC stablecoin, in a $…
Phil Rosen
2 mins read
Circle tells congress its coin is '100%' backed by cash and short-term US debt as lawmakers scrutinize stablecoins
Circle CEO Jeremy Allaire and other crypto executives testified at a House Financial Services Commi…
Carla Mozée
1 min read
Stablecoin USDC rises back toward $1 as $3.3 billion in Silicon Valley Bank to be made available following fears uninsured deposits could be lost
It's been a tumultuous week for the world's second-largest stablecoin after one of crypto's key ban…
Morgan Chittum
1 min read
Cryptocurrency firm Circle to go public via SPAC deal that will value the company at $4.5 billion
The company behind the dollar-pegged stablecoin USDC is going public in a deal that could value the…
Emily Graffeo
4 mins read
A Goldman-backed startup is launching a crypto pegged to the dollar - part of plans to 'rebuild the financial system on top of crypto'
Allaire also pointed to the success of Tether as evidence for stablecoin demand in the market. Teth…
Oscar Williams-Grut
2 mins read
Goldman Sachs-backed crypto payments group Circle aims to become a full-reserve national digital bank
Digital payments company Circle plans to become a full-reserve national commercial bank, according …
Camomile Shumba
2 mins read
Crypto exchange Binance freezes withdrawals of stablecoin USDC as rattled investors pull $2 billion in funds
Binance is facing questions over its reserves and reports of an imminent probe by US prosecutors, r…
George Glover
2 mins read
MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown
Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…
Zahra Tayeb
1 min read
A crypto hacker just pulled off one of the largest heists in history, swiping $625 million in tokens
"We are working with law enforcement officials, forensic cryptographers, and our investors to make …
Phil Rosen
1 min read
Axie Infinity's owner vows to reimburse victims of $600 million theft after a hacker pulled off one of the largest crypto heists in history
Users who lost tokens during the massive Ronin Network crypto heist will be reimbursed, according t…
Phil Rosen
2 mins read
Cryptocurrencies rally after a wave of bullish news nudges investors to buy the dip
Cryptocurrencies rallied on Wednesday after investors bought the dip triggered by nervousness aroun…
Camomile Shumba
1 min read
The Enigma — a 555-carat black gem and the largest diamond ever auctioned — can be purchased with cryptocurrency
Sotheby's is accepting bitcoin, ethereum, and the stablecoin USDC, according to Coindesk.
Cheryl Teh
3 mins read
Read the full memo the CEO of Binance sent to staffers after the exchange was hit by more than $1 billion of withdrawals in a day amid the FTX fiasco
In the memo, CZ wrote that Binance expects "the next several months to be bumpy." He added that the…
Nidhi Pandurangi
2 mins read
Coinbase removes promise from website that each US dollar coin is backed by an actual dollar
Assets backing up the USD Coin include commercial paper and corporate bonds, according to a July di…
Matthew Fox
1 min read
The Dallas Mavericks are giving away free gift-cards to customers who buy merch using cryptocurrency
Mark Cuban's NBA team will give $25 gift cards to any customers who buy over $150 of merch using cr…
Emily Graffeo
1 min read
Crypto hedge fund Three Arrow Capital defaults on $670 million loan as liquidity dries up across the sector
"We are working diligently and expeditiously to strengthen our balance sheet and pursuing options s…