2023-6-23 17:19 |
The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender.
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USDC's market cap fell from $43.56 billion to $38.9 billion, a drop of over 11%. As per Nansen, Circle burned $2.34 billion worth of USDC in the last 24 hours. USD Coin [USDC], lost its dollThe post Silicon Valley Bank leaves USDC bleeding- Will it impact Stablecoin market? appeared first on AMBCrypto.
2023-3-11 10:24 | |
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The $3 billion USDC influx puts the total supply of the stablecoin at around $14,4 billion, reaching over a quarter of Tether's market cap.
2021-5-1 17:50 | |
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The three largest stablecoins represent a combined capitalization of $60 billion.
2021-4-13 05:46 | |
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The second-largest stablecoin has added 7 billion to its total supply of almost 11 billion in just the three months of 2021. The post Visa to Settle Payments in USDC over Ethereum; A ‘Major Turning Point in Mainstream Crypto Adoption’ first appeared on BitcoinExchangeGuide.
2021-3-29 16:25 | |
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Participation in the DeFi and staking ecosystems has seen explosive growth over the last year, with the combined sectors currently accounting for over $50 billion in value. DeFi growth was predominantly fueled by the breakthrough success of Ethereum-based projects such as Aave, Compound, and Uniswap, utilizing ERC20 stablecoins like USDC and Dai to generate yield. […]
2021-1-17 09:48 | |
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Jeremy Allaire, CEO and founder of digital currency company Circle, took to Twitter to share that the circulating amount of the USDC stablecoin is now over 3.3 billion. According to the CEO: Just aThe post Circle CEO: USDC circulation has exceeded 3.3 billion appeared first on AMBCrypto.
2020-12-16 21:33 | |
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The second most popular stablecoin USD Coin has experienced tremendous weekly growth after adding 300 million USDC to the circulating supply, bringing the total to 3. 3 billion USDC. The growth has been linked to high demand for USDC in the crypto market.
2020-12-16 20:41 | |
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USDC has increased its overall market cap by almost seven times from $469 million to over $3. 27 billion in 2020. In addition, USDC is also seeing aggressive week over week growth. Circle co-founder and CEO Jeremy Allaire recently stated on Twitter: “Just a week ago we shared that USDC had crossed 3 billion in circulation.
2020-12-15 17:52 | |
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Jeremy Allaire from Circle tweeted that the circulating amount of USDC stablecoin is now well over 3.3 billion as more than 300 million were added in less than a week
2020-12-15 14:41 | |
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Over the past eight months, the market cap of USDC has surged a whopping 560%. Before the violent sell-off at the beginning of March, this stablecoin was a mere $445 million, which is ready to hit $3 billion, as per CoinGecko.
2020-11-7 19:28 | |
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Learn about working at Coinbase: https://www.coinbase.com/careers - Medium
2020-9-17 17:19 | |
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Cryptocurrency derivatives volumes recorded their best month yet in May, a new report has revealed. According to the report, derivatives noted a 32% spike last month to hit $602 billion. For USDC, however, May was its worst month yet, recording a 78% drop in volume traded in Bitcoin.
2020-6-6 23:30 | |
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The larger cryptocurrency market may have had a turbulent time in the market, but stablecoins have been focusing only on growth in 2020. The aggregate stablecoin market cap grew over $10 billion by MaThe post Tether emerges as popular choice among Asian, European traders; USDC follows appeared first on AMBCrypto.
2020-5-13 11:00 | |
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What was once a cryptocurrency trading behemoth has now gradually become a company focused on developing its stablecoin with a consortium of other companies. Circle, which oversaw almost $24 billion of cryptocurrency trade in 2018, has sold Poloniex and its OTC desk and is now looking to sell its crowdfunding platform, SeedInvest, as reported byRead MoreRead More.
2020-2-14 02:00 | |
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Tether’s supply has increased by another circa half a billion since September, reaching now nearly $4. 7 billion across three blockchains and 40 million tokenized euros plus $216,000 worth of Yuan.
2019-12-11 19:50 | |
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Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses.
2019-7-27 04:00 | |
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The concept of ‘stablecoin’ appears to be treading the fine line between virtual and fiat. Investors can enjoy the benefits of ubiquity and universality of payments, two core concepts of the cryptocurrency world, while still standing in firm opposition of them by being tethered to a sovereign currency.
2019-4-6 18:30 | |
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As of Jan. 31, 2019 over 5.5 billion USDC stablecoins have been transferred on the Ethereum blockchain
2019-2-7 23:40 | |
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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 | |
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Circle and Coinbase, two of the largest and most popular cryptocurrency companies, are partnering to improve the stablecoin concept, but there’s a catch. The CENTRE Consortium for a Better Stablecoin On Tuesday, both companies announced the CENTRE Consortium, a joint venture that aims to speed up adoption of cryptocurrencies backed by actual fiat currencies like US dollars.
2018-10-24 12:00 | |
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Circle, a cryptocurrency unicorn currently valued at $3 billion, recently launched its stable coin backed by the US dollar. According to an article published by the South China Morning Post (SCMP) on Sept.
2018-9-28 21:29 | |
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SkyBridge Capital, led by Anthony Scaramucci, is among the frontrunners bidding for Silicon Valley Bank’s VC arm, with a sale foreseen in the coming weeks. SVB Financial Group, once the umbrella organization for Silicon Valley Bank, is reportedly nearing the…
Consistent with the volatile nature of the cryptocurrency market, the Bitcoin (BTC) price has been experiencing a string of fluctuations in the past few weeks. Despite the renewed optimism, thanks to Grayscale’s recent victory against the United States Securities and Exchange Commission (SEC), the price of the premier cryptocurrency has failed to stay above the […]
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.
Crypto-related firms, Circle and Sequoia, were among the top five depositors at the failed Silicon Valley Bank. The post Silicon Valley Bank Crisis: Feds Backstop Saves Circle and Sequoia $4B appeared first on BeInCrypto.
A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government-backed rescue of Silicon Valley Bank (SVB).
Goldman Sachs is currently under investigation by federal regulators for its involvement in the acquisition of Silicon Valley Bank’s securities portfolio while simultaneously providing advisory services to the struggling lender regarding capital raising, prior to its subsequent collapse this year.