The market capitalization of USDC dropped to $46 billion on Monday. Binance has converted all stablecoin holdings to its own Binance USD stablecoin. Circle’s stablecoin USD Coin has lost all of its early 2022 gains after a 7-week rise in May and June brought its market value beyond $56 billion,
The USDC stablecoin and Verite KYB credentials are now supported. Circle plans to provide certain Early Access clients with complimentary Verite KYB. Circle, a payments technology firm and issuer of USDC, announced on Saturday the creation of the first Verite KYB (know your business) credentials that are compatible with the
TBD will enable USDC stablecoin cross-border payments and self-custody. The firm will support the USDC stablecoin for a number of use cases. Jack Dorsey’s payment company Block’s subsidiary TBD has teamed with Circle. In order to develop open standards and open-source technology. This will facilitate the widespread use of digital
USDC support rises from eight to thirteen blockchains due to this new initiative. It was announced at Converge22 conference in San Francisco by Circle CEO. Due to the delisting of USDC from Binance and WazirX, Circle is looking to increase its presence on other blockchains to preserve its position in
The top 1% of addresses recently controlled 87.667% of all USDC. On-chain statistics show a sell-off of USDC over the previous two weeks. As the bear market in cryptocurrencies continues, the share of USDC stablecoins owned by significant wallet addresses has fallen to its lowest level in over two years.
There was a total of $13.58 billion in Circle’s bank accounts at regulated U.S. institutions. Treasury bonds presently hold an additional $42.1 billion. The stablecoin’s backers, Circle, published their first monthly summary of the token’s assets only last week. USDC is currently stored only in cash and three-month U.S. Treasury
The firm no longer has any commercial paper on hand. As of June 30, Circle had $42.1 billion in U.S. government bonds. A detailed analysis of the assets underlying the USDC stablecoin’s rising reserve has been made public by Circle, the payments startup behind the USDC. Circle’s Thursday report, although
The Euro Coin, or EUROC, will be accessible for trade on June 30. The euro-pegged stablecoins first custodian is Silvergate Bank. Circle Internet Financial (Circle), the company behind USD Coin (USDC), has announced the debut of a fully-reserved stablecoin linked to the euro, an indication to the market that despite
Ethereum-Polygon Bridge transactions are inconvenient for many users. Polygon has grown to include more than 20,000 Dapps. The US Dollar Coin (USDC), a crypto stablecoin developed by Fintech firm Circle, is now available on the Polygon blockchain. Polygon USDC eliminates the need for users to transfer their USDC from Ethereum’s
Blockchain.com, a provider of cryptocurrency products has extended its support to Algorand (ALGO), a Proof-of-Stake (POS) blockchain. Blockchain.com Product Manager Amadeo Pellicce said, We are excited to add support for ALGO not just so that our customers can buy and sell the token, but also because it exposes more people
