Tag Archives: usd coin

CoinspeakerDeFi Lending Platform Aave Reveals V4 Protocol Upgrade Plans With all the upgrades that the proposal suggests, a notable part focused on growing the protocol's algorithmic stablecoin GHO. DeFi Lending Platform Aave Reveals V4 Protocol Upgrade Plans

CoinspeakerStripe Announces Integration with Avalanche Several prominent Avalanche ecosystem partners have already signaled their intention to integrate with Stripe, including GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms. Stripe Announces Integration with Avalanche

CoinspeakerKuCoin Report: USDT Issuance Dominates Stablecoin Market with $2.79B in February Beyond stablecoins, the report also touches upon the sentiment within the crypto market, noting that the fear and greed index entered the “extreme greed” territory in late February. KuCoin Report: USDT Issuance Dominates Stablecoin Market with $2.79B in February

CoinspeakerTether’s USDT Stablecoin Tops $100B Valuation for First Time Tether's market capitalization currently rivals that of the British oil and gas giant BP while making USDT the preferred choice in the crypto space to maintain stability in the volatile crypto market. Tether’s USDT Stablecoin Tops $100B Valuation for First Time

S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors. The S&P Global Ratings introduced a stability assessment for stablecoins on Tuesday. According to S&P Global, the idea is to determine how truly “stable” the coins are in maintaining their pegs to whatever fiat they are tied to. In total, the producer of the S&P 500 assessed eight stablecoins. They include Dai (DAI), Gemini (GUSD),...

KyberSwap has stated that it will continue to cooperate with law enforcement and cybersecurity experts to recover user funds and track down the perpetrators of the attack. The KyberSwap team has recovered approximately $5.7 million after last week’s $47 million hack on KyberSwap liquidity pools on Polygon and Avalanche. The company announced that it has negotiated a return of 90% of the user funds, with the remaining 10% serving as a bounty for the hackers. “The KyberSwap team has been in...

CoinspeakerBinance Traded USDC In for BTC and ETH Following Silvergate Collapse The exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1. Binance Traded USDC In for BTC and ETH Following Silvergate Collapse

CoinspeakerCircle Explores Expansion in Asia, Eyes Japanese Market for Stablecoin Issuance Even though Circle already offers USD Coin (USDC), its co-founder and CEO Jeremy Allaire believes that introducing a Yen-linked stablecoin would provide new opportunities. Circle Explores Expansion in Asia, Eyes Japanese Market for Stablecoin Issuance

The launch of USDC on Arbitrum will replace the currently circulating bridged version of USDC that comes from Ethereum. In an announcement on Thursday, June 1, stablecoin issuer Circle announced its plans to launch the native version of its USDC stablecoin on the Arbitrum blockchain network. USDC on Arbitrum As per the official announcement, Circle shall replace the existing version of USD Coin, which is an Ethereum-based token bridged to Arbitrum, with a native token that runs and resides...

The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore. Crypto exchange Coinbase is looking into relocating to Singapore as the United States Securities and Exchange Commission rejects the company’s requests for regulatory clarity. The US SEC recently asked the judge to deny Coinbase’s bid to coerce the agency to answer Coinbase’s rulemaking petition. The petition was submitted last year asking for clarity on how...