Tagged: usdc

USDC Now on Algorand Bringing “Major Scalability and Performance Improvements”

The Centre Consortium has announced that USD Coin or USDC is now using Algorand – the second major blockchain after Ethereum to offer native support for the stablecoin. The Centre Consortium was founded by Circle and Coinbase – the creators of USDC which was announced… Read More

Digital Currency Group, Parent of Genesis, Commits $25 Million to Circle

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

Circle Teams Up With Genesis to Advance Adoption of Stablecoins in Mainstream Finance

Global fintech Circle announced on Thursday it has joined forces with digital asset prime brokerage firm Genesis to accelerate the adoption and acceptance of digital dollar stablecoins in mainstream finance. According to Circle and Genesis, the partnership includes a $25 million investment of capital into Circle… Read More

For the First Time Ever, Ethereum Address with 100,000 USDC Stablecoins Gets Blacklisted Following Orders from Law Enforcement

An Ethereum address, for the very first time, with 100,000 USDC stablecoin was recently blacklisted. The transaction, which may be viewed via Etherscan, an Ethereum (ETH) blockchain explorer, confirms that a “blacklist(address investor)” function was initiated on June 16, 2020, by 0x5dB0115f3B72d19cEa34dD697cf412Ff86dc7E1b, which is an… Read More

Jeremy Allaire, founder of Fintech Circle: “We won’t Believe that We Ever Needed to Pay to Send Money” in the Future

Jeremy Allaire, founder of Circle Internet Financial, a peer to peer payments technology firm, has said that in the future, when we look back at how transactions were conducted, we “won’t believe that we ever needed to pay to send money.” San Francisco-based crypto exchange… Read More

Circle Joins with Algorand Foundation on USDC Stablecoin on Algorand Blockchain

The Algorand Foundation and Circle have partnered to bring a stablecoin, USD Coin (USDC) using the Algorand blockchain. The implementation is scheduled for Q3. The move was described as a shift away for Ethereum and its congested network and affiliated high fees and performance limitations…. Read More

Crypto Rating Council Argues that XRP, Tron (TRX), and Polkadot’s DOT Token Might Potentially be Classified as Securities

The Crypto Rating Council (CRC) has previously noted that Tron’s TRX, Nervos’ CKB token, and Polkadot’s DOT token might potentially be classified as financial securities, or at least there’s a fair chance they could. The CRC’s initial report on these digital assets was released in… Read More

Uniswap, an Ethereum-based Non-Custodial Cryptocurrency Exchange, Launches Second Version of Protocol

Uniswap, a widely-used non-custodial digital asset exchange, has revealed that the second version of the decentralized protocol has now been launched. The developers of Uniswap had noted in March 2020 that they would be releasing the second iteration of the decentralized finance (DeFi) protocol. Uniswap’s… Read More

Total Stablecoin Market Cap Surpasses $10 Billion for First Time, Ethereum Network Activity Spikes Due to New Coins

The total or combined stablecoin supply reached an all-time high of around $10.4 billion on May 12, 2020. It’s notably the first time that the total market cap of all stablecoins has exceeded the $10 billion mark. According to Stablecoinindex.com data, Tether’s (USDT) market capitalization… Read More

Maker (MKR) Governance Token Holders Approve Adding Wrapped Bitcoin (BTC) as Acceptable Collateral Type for MakerDAO

Maker (MKR) governance token holders have decided (through community voting) to approve a proposal which recommends adding Wrapped Bitcoin (WBTC), an Ethereum-based token backed 1-to-1 by Bitcoin (BTC), as the decentralized finance (DeFi) protocol’s (MakerDAO) newest collateral type. WBTC is an ERC-20 compliant token that… Read More

Decentralized Finance Protocol Compound Users May Lend and Borrow Stablecoin Tether (USDT) Following Community Voting

Users of Compound, a decentralized finance (DeFi) lending solution, are now able to issue loans and borrow Tether (USDT), the largest stablecoin, following a recent poll of the protocol’s governance token holders. There were 797,981.28 votes that were cast in support of the proposal to… Read More

Decentralized Prediction Market Gnosis Launches Markets Specifically for COVID-19 related Events

Gnosis, a decentralized prediction market solution that spun out from Ethereum (ETH) development studio ConsenSys back in 2017, has launched a separate decentralized prediction market specifically for the Coronavirus (COVID-19) pandemic. Gnosis confirmed that it has provided $50,000 to help fund a non-profit Corona Information… Read More

Total Market Cap for Ethereum-based Stablecoins Increased Over 95% Year-to-Date: Report

The combined market capitalization of Ethereum (ETH)-powered stablecoins (digital assets pegged to major fiat currencies or other real-world assets) has surged by over 95% year-to-date. The total market cap of all ETH-based stablecoins stands at around $6.25 billion. Research conducted by The Block reveals that… Read More

Crypto Rating Council Releases New Scores for Basic Attention Token, USDC Stablecoin, IOTA

The questions surrounding whether certain crypto assets qualify as financial securities is becoming increasingly important within the blockchain or distributed ledger technology (DLT) sector. There are now several entities within the digital asset sector that are focusing on bringing greater understanding to this pressing issue…. Read More

Uniswap, a Widely-Used Non-Custodial Crypto Exchange, to Add New Ethereum Token Pairs with Upcoming Software Update

Uniswap, a widely-used non-custodial digital asset exchange, has revealed that the decentralized protocol’s second iteration will launch during Q2 2020. It will add new features such as support for additional ERC-20 compliant pairs, more peer to peer price oracles, flash swaps and a new protocol… Read More

Major Stablecoin USDC’s Market Cap has Increased by Over $200 Million Since March 1, 2020

The circulating supply for Circle and Coinbase’s stablecoin, called USD Coin (USDC), has increased considerably since the beginning of this month. USDC’s market cap has jumped by about $200 million since March 1, 2020. The US dollar-pegged USDC stablecoin’s market cap presently stands at over… Read More

DeFi: Decentralized Finance Lending Protocol MakerDAO Might Add Stablecoin USDC as Collateral to Address Dai Liquidity Problem

The MakerDAO community is reportedly considering the possibility of adding the USDC stablecoin as an additional type of collateral in order to provide more Dai (another major stablecoin) liquidity into the decentralized finance (DeFi) platform. MakerDAO (where DAO stands for distributed autonomous organization) is an… Read More

Crypto Billionaire Jihan Wu’s Matrixport, a Financial Services Firm, Is Planning to Secure $40 Million at Post-Investment Valuation of $300 Million

Matrixport, a financial services firm owned by billionaire Jihan Wu, co-founder of giant crypto mining firm Bitmain, is reportedly planning to secure $40 million in capital at a post-investment valuation of $300 million. According to Bloomberg, which cited sources familiar with the matter, Matrixport’s management… Read More

Report: Circle Internet Financial May Sell SeedInvest, its Crowdfunding Division

Circle Internet Financial is reportedly looking for a buyer for SeedInvest, its crowdfunding division, as the Boston-headquartered crypto firm aims to focus more on its stablecoin business, according to the Block. This is notably Circle’s latest downsizing move, which began in 2019 when the firm… Read More

Kraken Lists Circle’s Stablecoin, USDC

US cryptocurrency exchange Kraken will enable trading of Circle’s USD-proxy cryptographic stablecoin, USDC, starting January 8th. Kraken says it will enable deposits and withdrawals of USDC at 14:30 UTC on January 8. “The first trades will start shortly after funding is enabled as sell orders… Read More

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