Tag Archives: usdc

The overall market value of cryptocurrencies has increased, leading to a decline in the dominance of stablecoins. Their share of the total crypto market cap has dropped from 17.3% to 7.8%. In a market characterized by a consistent rise in short-term US bond yields, approaching 5%, investors holding stablecoins face higher opportunity costs, prompting a shift of assets off-chain for many, according to the latest report by Binance Research. Centralized Stablecoins Dominate...

The 54th World Economic Forum in Davos gathers global leaders to discuss challenges ranging from geopolitical tensions to AI impact. Key themes include security, economic growth, AI ethics, and climate strategy. From January 15 to 19, 2024, the small Swiss alpine town of Davos will once again become the epicenter of global discussions with the celebration of the 54th edition of the World Economic Forum (WEF), under the theme “Rebuilding Trust”. With over 1,000 leading companies from...

As Coinbase has pointed out,  fiat transfer fees can get as high as 3% to 6%. Through this partnership with Yellow Card, users will pay a maximum of 2% for each transaction. One of the benefits of cryptocurrency and blockchain being such barrier-breaking concepts is that people from all over the world can gain access to them. As such, projects and companies in the blockchain space often find themselves serving an international audience with all sorts of needs. Now, Coinbase, one of the...

Cross-chain lending protocol Radiant Capital has suffered a hack resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million, according to blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol featuring cross-chain functionality built using LayerZero technology. As of the latest data from DefiLlama, the protocol has around $315 million in total value locked. Radiant Capital...

It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023. The year 2023 has been a rollercoaster ride for the cryptocurrency ecosystem, defined by important events that have impacted the industry’s direction. From stablecoin woes to regulatory disputes, institutional acceptance, and the advent of meme coins, the crypto sector has seen a wide range of stories. Here are the top 10 major crypto headlines that have...

The partnership between Framework Ventures and Merit Circle will involve locking up BEAM tokens to receive USDC usable for investments. Gaming and metaverse-focused decentralized autonomous organization (DAO) Merit Circle has announced a partnership with San Francisco-based venture capital firm Framework Ventures. According to the announcement, Merit Circle’s collaboration with Framework will see the latter invest in Merit via BEAM tokens. After the acquisition, BEAM tokens will be sent...

Coinbase Global Inc. is expanding its services by introducing spot crypto trading on its international exchange as part of a global expansion strategy to cater to users with reservations about U.S.-based platforms. Although Coinbase’s stock has experienced substantial growth this year, currently valued at approximately $140 per share, it is still a long way from its peak at over $300 in 2021. Coinbase International Expands Offerings Institutional investors now have the...

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),...

Circle recently reported that the global settlement volume of stablecoins reached $7 trillion last year, nearly half the $14 trillion settled by financial powerhouses Visa and Mastercard. This marks a shift towards digital currencies, especially in Latin America, where they have become part of everyday transactions. Stablecoins Spearhead Financial Revolution in LATAM The rise of stablecoins creates a new wave of financial interoperability and easier global commerce. Latin...

Latin America has identified that regulated, blockchain-based financial services will soon be the order of the day. The world of finance, as we have it today, has changed drastically, and stablecoins and tokenized data may be at the center of this change. So much so, that what used to be a difficult task for businesses and private individuals, especially in international payments and settlements, has now become significantly easier. For clarity, transactions worth over $7 trillion were...