Search Results for: USDC Issuer

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

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The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, juures 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would…

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

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Silicon Valley pank (SVB) has become the center of attention after its collapse prompted the U.S. Föderaalne hoiuste kindlustamise korporatsioon (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts…

Bitcoin, Ethereumi tehniline analüüs: BTC Above $20,000, ETH Beyond $1,400 laupäeval

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Bitcoin rose back above $20,000 laupäeval, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to capital. This includes…

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

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Reedel, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the…

Peaaegu 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Päevad

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Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Praegu, Binance is the most active exchange trading BUSD tokens, and the stablecoin still…

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

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While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins…

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

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The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. Kuid, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue….

USDT raputav hind segab Alameda reservidega seotud spekulatsioone, Tether külmub 46 Miljon žetoone

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Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 ühiku kohta. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the stablecoin pool has become unbalanced Thursday morning. Lisaks,…

Stablecoin GUSD pakkumine hüppab lähedale 130% Kõrgemal sisse 30 Päevad

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While the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini has increased by 129.5% viimase ajal 30 päevadel. GUSD Sees…