Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain. Go to Source Powered by WPeMatico
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Circle CEO blames US crypto crackdown for declining USDC market cap
The market cap of USDC, a stablecoin issued by Circle, has reduced nearly by half over the past six months owing to the regulatory crackdown and banking crisis. Go to Source Powered by WPeMatico
Tether market cap eyes record high after regaining 65% stablecoin dominance
The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle. Go to Source Powered by WPeMatico
Crypto in Europe: Economist breaks down MiCA and future of stablecoins
A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe. Go to Source Powered by WPeMatico
Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble
Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins. Go to Source Powered by WPeMatico
Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions
Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins … Read more
Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to … Read more
Circle announces USDC launch for Cosmos via Noble network
The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains. Go to Source Powered by WPeMatico
USDT issuer Tether has up to $1.7B in excess reserves, CTO says
Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis. Go to Source Powered by WPeMatico
Banking turmoil pushes crypto to ‘no oversight’, says Circle CEO
Crypto firms who have had the strongest position with U.S. regulation are now considered “unsafe,” Circle CEO Jeremy Allaire stated. Go to Source Powered by WPeMatico
