Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down
Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity. Go to Source
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Circle preps $1B war chest to deal with market threats from PayPal and others
Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down. Go to Source
Binance drops majority of USD Coin reserves — Latest USDC news
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with. Go to Source
USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche
The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users. Go to Source
Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin
“Issuing a stablecoin pegged to the HK dollar not only helps to solidify HK’s leadership in the blockchain sector but also propels the progress of the digital HK dollar,” said the report. Go to Source Powered by WPeMatico
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red. Go to Source Powered by WPeMatico
Circle hires former CFTC, US Treasury executive as chief legal officer
Heath Tarbert will serve as the company’s chief legal officer and head of corporate affairs, bringing experience with all three branches of government. Go to Source Powered by WPeMatico
Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps
At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance. Go to Source Powered by WPeMatico
USDT market share jumps amid economic uncertainty, USDC shrinks
Over the past year, Circle’s USD Coin has seen its market share decline from 34.88% to 23.05%. Tether’s USDT shows a contrasting picture. Go to Source Powered by WPeMatico
SEC’s war on crypto: How far will it go?
The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission’s ongoing crypto crackdown, its rationale, and the potential outcome. Go to Source Powered by WPeMatico
