Tag: USDC
MakerDAO Launches Emergency Proposal to Limit USDC Risk – Bitcoin Addict
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“USDC is still traded 1:1 against the US dollar,” Circle confirmed.
Circle said normal operations will resume when US banks reopen on Monday, and stablecoins like USDC will still be able to be traded 1:1 against the US dollar. After a…
Circle revealed!! There are $3.3 billion in USDC reserves. Stuck with Silicon Valley banks
Circle, the crypto firm behind stablecoin USDC, has confirmed that it has $3.3 billion in cash reserves with Silicon Valley banks. 1/ Following the confirmation at the end of today…
Over $1 Billion in USDC Withdrawn After Silicon Valley Bank (SVB) Shuts Down
Circle Internet Financial’s stablecoin USDC has withdrawn more than $1 billion since Friday morning after Silicon Valley Bank (SVB), one of Circle’s banking partners, was shut down by the government.…
FDIC-Insured Citizens Trust Bank Holds $65 Million in USDC Reserves
Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some reserves in USD. On February 24, Circle…
USDC issuer Circle plans to hire 25% more workers amid industry-wide layoff season
USDC issuer Circle plans to add 15–25% of its workforce by 2023 amid mass layoffs across the industry, according to The Wall Street Journal. report While many companies across industries…
Circle Releases December 2022 USDC Reserves Report of $44.5 Billion
Circle has published an accountant-reviewed report. Regarding Reserves for USDC Stablecoin Support, currently valued at over $44.5 Billion Circle released the USDC audit report for December 2022, 44,553,543,212 USDC is…
USDT, USDC, BUSD, and TUSD Pause for the Last Month of 2022
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Coinbase Asks Customers to “Convert USDT to USDC” as it is a More Reliable Stablecoin
Coinbase Exchange Company cryptocurrency in the united statesplease Client converts USDT to USDC, a stablecoin issued by Circle and co-founded by Coinbase in 2018. Switch to a trusted stablecoin: USD…
Binance and Other Crypto Exchanges Ban USDC and USDT on Solana
Several crypto exchanges are now suspending deposits and withdrawals of USDT and USDC tokens built on Solana after preparing to delist them from exchanges. The incident in which exchanges delisted…