USDC issuer Circle joins companies ditching crypto bank Silvergate

2023-3-3 12:06

USDC stablecoin issuer Circle has announced its withdrawal from specific services involving Silvergate Capital Corp, joining other companies in distancing themselves from the troubled crypto bank.

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Источник: btcmanager.com

bank usdc → Результатов: 43

Web3 Wallet App Kresus Unveils Zero Network Fee Cashouts For USDC Holders

Users will be able to withdraw up to $100,000 in USDC via the off-ramp to their selected bank account. Web3 SuperApp and crypto wallet Kresus unveiled its crypto off-ramp for stablecoins, allowing users to cash out directly to their bank accounts with zero fees.

2023-9-12 17:50	Crypto Cable
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Silicon Valley Bank’s troubles put Circle’s $3.3b USDC reserve at risk

Circle’s USDC, the second-largest stablecoin with a market capitalization of $43b, has been hit by the collapse of Silicon Valley Bank (SVB). On Friday, regulators in California placed the bank under receivership, leaving investors needing clarification on the return of…

2023-3-13 20:50	USD Coin
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Digital bank FV Bank integrates USDC stablecoin for direct deposits

Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum.

2022-9-22 14:03	Robinhood
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European Bank Ditches SWIFT for USDC Stablecoin Citing Faster Transaction Settlement

A leading European blockchain bank – Bank Frick – is mulling ditching SWIFT for Circle’s USDC stablecoin to execute and settle payments more efficiently, Decrypt reports, June 10, 2020. Bank Frick Embraces Stablecoin USDC Liechtenstein-based Bank Frick the time-tested international interbank settlement service SWIFT for Circle’s USDC stablecoin.

2020-6-12 17:00	USDC
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Blockchain-friendly bank chooses USDC over Ripple and XRP for cross-border payments

A leading crypto-friendly European bank, Bank Frick has announced it is replacing interbank payment facilitator SWIFT with Circle’s Stablecoin, USDC. The bank based in Liechtenstein cited the speed of transactions for its decision as it is trying to speed up USD payments.

2020-6-10 21:05	XRPUSD
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На Poloniex появилась возможность покупки криптовалют с помощью кредитных карт

Американская криптовалютная биржа Poloniex добавила возможность ввода/вывода средств посредством банковских счетов, а также покупки биткоина с помощью кредитных и дебетовых карт. New ways to buy crypto assets on Poloniex! Customers in 80+ countries can deposit or withdraw $USDC directly from their bank account.

2019-7-10 10:12
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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

2019-5-13 16:37	Investing
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Is Ripple (XRP) the Liquid alternative of Tether or USDC?

Ripple (XRP) prices slide 1. 7 percent The rollout of xCurrent 4. 0 is an opportunity for banks to upgrade and even adopt xRapid That the World Bank and the IMF have Ripple Inc in their reports is bullish.

2019-5-10 22:00	XRP
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Silvergate Exchange Network (SEN) now available for USDC

We’re excited to announce that Silvergate Exchange Network (SEN) is now supported for US Dollar Coin (USDC) issuance and redemption. SEN delivers real-time USD settlement and is used daily by leading crypto exchanges and traders.

2018-12-15 18:59	USDC
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Top 5 CPA Firm Confirms Funds in First Attestation of Circle’s USDC

Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.

2018-11-22 22:05	Digital assets
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Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

2018-10-31 20:51	Startups
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With New Exchange Listings and Demand, New Stablecoins See Pegs Broken

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs.

2018-10-17 01:17	Digital assets
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As Tether’s Peg Slips, Bitcoin Price Is Distorted Across Market

Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.

2018-10-16 22:06	Digital assets
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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

2018-10-3 19:05	Digital assets
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Circle Introduces Stablecoin Backed By U.S. Dollar

Regulated stablecoins continue their disruptive journey into mass adoption as Circle announces application of tokenized fiat assets. The U. S. dollar-backed stablecoin USD//Coin (USDC) is the product of Circle’s partnership with CENTRE, the open source distribution network which will facilitate deposits from U.

2018-9-27 01:32	United States
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Circle’s USDC Stablecoin Begins Trading

Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins. As of September 26, 2018, dollar-pegged USDC is now trading on Poloniex, the crypto-to-crypto exchange Circle acquired in February 2018, and on Circle Trade, the company’s over-the-counter (OTC) platform.

2018-9-27 20:50	Digital assets
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Introducing USD Coin

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into

2018-10-5 16:00
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Final Farewell: Crypto Bank Silvergate Completes Deposit Repayments Amid Liquidation Process

Silvergate Capital, a bank known for its focus on crypto services, has recently completed the repayment of all its deposit liabilities. This move aligns with the bank’s announcement to wind down its operations and liquidate its business voluntarily.

IMF Global Growth Forecast: US and Eurozone GDP to Grow Less than 2% with UK Contracting 0.3% amid Frayed Global Economy

Coinspeaker IMF Global Growth Forecast: US and Eurozone GDP to Grow Less than 2% with UK Contracting 0. 3% amid Frayed Global Economy The IMF has released its weakest global growth forecast in over 30 years as inflation, banking crises, and geopolitical problems bite hard.

JPMorgan Says Silvergate Collapse Will Test Crypto Industry

JPMorgan suggests that crypto firms will struggle to find banking partners after Silvergate's collapse. The post JPMorgan Says Silvergate Collapse Will Test Crypto Industry appeared first on BeInCrypto.

Bitcoin Backpedals To $22,000 Region Amid Worries About Silvergate

Key on-chain measures provided resistance throughout the first week of March, thus dampening the excitement of Bitcoin traders. Over the course of the previous week leading up to the beginning of February, Bitcoin (BTC) had been trading at roughly $23,500.

MicroStrategy unveils minimal Silvergate exposure

Business intelligence outfit MicroStrategy has confirmed a loan from Silvergate but says the tenure is still a few years away. The company added that it is not worried about Silvergate’s current financial status and will not be looking to accelerate…

Silvergate shares nosedive 47% amid annual report delay

California-based crypto-friendly company Silvergate Capital will delay its annual financial report filing with the US Securities and Exchange Commission (SEC) while hinting that it would come under more regulatory scrutiny from banking regulators and US authorities. In a filing on…

2023-3-3 12:06

bank usdc → Результатов: 43

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