Tag: USDC

Circle Refuses to Hold Long-dated Treasury Bonds

Circle, the issuer of the USDC stablecoin, is refusing to hold Treasurys with maturities beyond early June out of concern that U.S. legislators will...
Cryptocurrency

Market Value of Circle’s USDC Stablecoin Has Dropped by $10 Billion Over the Last Two Weeks

Since the stablecoin's market value dropped to about $32.5 billion over the last two weeks, a loss of about $10 billion, Circle's USDC has...
Cryptocurrency

Circle Says That the Senior Strategy Officer’s Account Was Compromised

Circle CEO Jeremy Allaire verified that a tweet offering USDC users a one-time bonus in the shape of an airdrop was a hoax. Allaire went...
Cryptocurrency

USDC and Cryptocurrencies Advance on News That SVB and Signature Bank Deposits Are Secure

The news that all deposits made with Silicon Valley Bank and Signature Bank will be completely returned to customers caused USDC to almost regain...
Cryptocurrency

Deribit Cryptocurrency Exchange Hacked for $28M in Bitcoin, Ethereum, and USDC

Around midnight on Tuesday, the cryptocurrency futures and options exchange Deribit experienced a security breach, and hackers stole around $28 million from the firm's...
Cryptocurrency

Robinhood adds USDC as its first stablecoin

The news came straight from the horse's mouth, as Robinhood's Twitter shared the news this morning. The token is Robinhood's 17th supported cryptocurrency and...
Cryptocurrency

By mistakenly activating the kill switch on the mainnet, DEX locks 660,000 USDC within

Unknowingly issuing a command that stopped its mainnet software and rendered it unrecoverable, a decentralized cryptocurrency (D options exchange terminated its own life. After trying...
Cryptocurrency

Major Agreement With New York Bank Signed by USDC Parent

The creator of the USD Coin stablecoin, Circle, announced on Tuesday that it had partnered with New York Community Bancorp to provide custody services....
Cryptocurrency

Three Arrows Capital receives a default notice from cryptocurrency broker Voyager Digital

Crypto broker Voyager Digital has issued a default notice to hedge fund Three Arrows Capital (3AC) for failing to make required payments on a...
Cryptocurrency

As total supply reaches 55.9B, USDC’s “real volume” flips Tether on Ethereum

In the last 24 hours, USDC's real volume on the Ethereum network has nearly doubled that of USDT, which may be another indication that...
Cryptocurrency

Tether’s USDT market capitalization slips below $70 billion, a new low for the cryptocurrency

In the midst of the current market downturn, Tether (USDT), the largest stablecoin and third largest digital currency by market cap, continues to lose...
Cryptocurrency

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