Tag Archives: usdc

[unable to retrieve full-text content]CoinspeakerSynthetix’s sUSD Stablecoin Loses Its Dollar Peg amid Heavy Sell-Off The depeg situation of Synthetix's sUSD has once again highlighted the vulnerabilities within DeFi systems and the impacts of liquidity shifts. Synthetix’s sUSD Stablecoin Loses Its Dollar Peg amid Heavy Sell-Off

[unable to retrieve full-text content]CoinspeakerDCF Announces Passage of Proposal for Better Liquidity and Efficiency in Cosmos Network The passing of Proposal #912 highlights the proactive and innovative spirit of the Cosmos community. DCF Announces Passage of Proposal for Better Liquidity and Efficiency in Cosmos Network

[unable to retrieve full-text content]CoinspeakerBybit Returns 2% to Bybit Card Users via Cashback Campaign Bybit has announced a 2% cashback in USDT for all users, who spend crypto or fiat using the exchange's Bybit card. Bybit Returns 2% to Bybit Card Users via Cashback Campaign

[unable to retrieve full-text content]CoinspeakerStarknet Foundation Unveils $5M Seed Grant Program for Ecosystem Growth The seed grant program will focus on projects associated with Starknet that have already reached the MVP or proof-of-concept stage. Starknet Foundation Unveils $5M Seed Grant Program for Ecosystem Growth

The stablecoin sector is not a stranger to controversies, but a recent study questions whether these assets are being widely used as claimed. According to the report, a new metric developed by American multinational payment giant Visa indicates that over 90% of stablecoin transactions aren’t made by genuine users, suggesting that these cryptocurrencies are far from being widely adopted for payments. Only 10% of Stablecoin Transactions Organic Visa, along with Allium Labs, has...

[unable to retrieve full-text content]CoinspeakerTether Steps Up Monitoring of Token Usage to Combat Illicit Finance This collaboration with Chainalysis provides Tether with advanced tools to detect transactions involving sanctioned e­ntities and track the activities of major token holde­rs. Tether Steps Up Monitoring of Token Usage to Combat Illicit Finance

[unable to retrieve full-text content]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

[unable to retrieve full-text content]CoinspeakerVisa’s Stablecoin Metric: Circle’s USDC Overtakes USDT in Transaction Volume Over the years, Tether's USDT has dominated the industry as the preferred stablecoin among its pairs, trading as the third largest crypto after Bitcoin and Ethereum, with a market capitalization of $110.64 billion.  Visa’s Stablecoin Metric: Circle’s USDC Overtakes USDT in Transaction Volume

[unable to retrieve full-text content]CoinspeakerDAI Hit Record $240B in On-chain Transaction Volume Last Week DAI's $240B record weekly transaction volume eclipsed the rest of the stablecoins combined. DAI Hit Record $240B in On-chain Transaction Volume Last Week

Fintech firm and stablecoin issuer Circle has announced that native USDC is now available on the leading layer 2 rollup, zkSync, thereby making it accessible to developers and users without the need for bridging. With the latest inclusion, USDC is now supported on a total of 16 blockchain networks. USDC on zkSync In its official blog post on April 9th, Circle revealed that numerous prominent ecosystem applications and DeFi protocols are anticipated to embrace native USDC on...