On June 8, 2023, Circle, a pioneering fintech company in the digital currency industry, is set to launch the USD Coin (USDC) natively on the Arbitrum platform. This remarkable development seeks to offer users seamless, robust, and frictionless interaction. 1/ Circle is launching USDC natively on @Arbitrum on June 8th!
Circle, the stablecoin issuer, has announced the launch of Euro Coin (EUROC) on Avalanche. The move is to bring faster, more efficient payments and financial services for developers and users. Euro Coin is here on Avalanche thanks to @circle! Anyone can mint, buy, swap, trade, sell, and redeem native $EUROC
Coinbase, one of the top crypto exchanges, has announced that the exchange is soon to launch a feature for trading with USDC. It allows users to trade faster and with a more rewarding advanced trading experience. More USDC trading pairs means a faster and more rewarding Advanced Trade experience. See
BDO Italia, one of the major international networks of audit and professional services, has revealed that Bitcoin has made up around $1.5 billion of the Tether reserves, which is nearly 2% of the total at the end of Q1. Recently, the stablecoin issuer Tether released the Q1 2023 results. According
Circle, the issuer of the USD Coin, has launched the Cross-Chain Transfer Protocol (CCTP) on the mainnet for Ethereum and Avax, according to an announcement on April 26. The new protocol allows users to transfer USDC between Ethereum (ETH) and Avalanche (AVAX). 1/ Today marks a new milestone! Cross-Chain Transfer
On Wednesday, Circle CEO Jeremy Allaire blamed the continued decline in the value of the USD Coin (USDC) stablecoin on the regulatory burden and the efforts of authorities to discredit the cryptocurrency market. Allaire said investors are trying to “de-risk out of the US” because of the ambiguity of US
In November 2022, Bo Shen, the general partner of Fenbushi Capital, had his cryptocurrency assets stolen from his wallet address. Presently, he released a statement addressing this unfortunate incident. Bo Shen, an early investor in cryptocurrency, took to his official Twitter account to provide an update on the ongoing investigation
Term Labs announced on April 12 it had successfully launched its first testnet auction, cleaning $22.4 million in USDC loans against ETH at 2.96% interest over a four-week term. “We were pleasantly surprised to see the auction clear within a few basis points of the current midpoint of Compound Finance’s
Q1 2023 goes down as the period that recorded significant recoveries in the cryptocurrency market. Bitcoin, Ethereum, and other altcoins displayed astounding rallies amid bank runs and Fed’s regulatory crackdown. Out of them all, stablecoins captured the major attention. The USDC brief depegging, due to Silicon Valley Bank (SVB) collapse,
The Silicon Valley Bank (SVB) incident happened at a time when the global cryptocurrency market was still recovering from last year’s substantial slump. This is when the massive outflow of USDC began. The FTX exchange and the TerraUSD and LUNA collapse instilled fear in investors against the crypto market. This
