May 1st, 2025
USDC News - Page 15
American Bank Runs Pull Bitcoin Liquidity to 10-Month Low
By Godfrey Benjamin
April 3rd, 2023
As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry.
USDC Outflows Surge Past $10B, Tether Takes Market Share to 22-Month High
By Bhushan Akolkar
March 30th, 2023
Amid the fallout of the Silicon Valley Bank this month, Circle’s USDC stablecoin saw massive outflows which continue to date. The USDC stablecoin has lost 23% market share in less than a month’s time.
Kokomo Finance Exit Scam Sees Developers Make Away with $4M Worth of Tokens
By Tolu Ajiboye
March 27th, 2023
The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M.
SWIFT Alternative: Xapo Bank Integrates USDC Payment Rails
By Babafemi Adebajo
March 23rd, 2023
Asides from integrating a USDC payment rail, Xapo Bank recently partnered with Faster Payment System (FPS) to extend its global reach.
Mastercard Partners Australian Fintech Stables to Enable Stablecoin Payment
By Godfrey Benjamin
March 21st, 2023
The collaboration between both entities to enhance USDC payment might attract some forms of skepticism owing to the Fear, Uncertainty, and Doubt (FUD) surrounding Circle, USDC, and the exposure to the three US banks that collapsed in the past week.
Circle CEO Says Stablecoin Issuer Seeks to Save Crypto from Banks
By Tolu Ajiboye
March 16th, 2023
Circle CEO Jeremy Allaire to save crypto following the collapse of some major mainstream banks, including Silicon Valley Bank.
KuCoin Plays Lead Role in Funding Round for Yuan Stablecoin Issuer CNHC
By Tolu Ajiboye
March 15th, 2023
Leading exchange KuCoin participated in a $10 million funding exercise for CNHC to support stablecoin adoption.
USDC Issuer Circle Updates Its Community on Its Stablecoin Operations
By Godfrey Benjamin
March 15th, 2023
As unveiled by Circle, it has started processing its redemption through a new banking partner after it was able to access the funds worth $3.3 billion locked up in Silicon Valley Bank.
BlockFi Bankruptcy Attorney Describes Digital Assets Lender as Safe amid Silicon Valley Bank Crisis
By Tolu Ajiboye
March 14th, 2023
Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday.
Coinbase (COIN) Stock Gains 10% amid Banking Crisis and Crypto Recovery
By Steve Muchoki
March 14th, 2023
Coinbase shares are up approximately 67 percent YTD, despite a 62 percent decline last year.
Circle Reassures Customers Riding on Promises from Federal Regulators
By Godfrey Benjamin
March 13th, 2023
According to Circle, the bulk of its reserve for the USDC stablecoin is domiciled in US Treasury Bills.
USDC Stablecoin Peg Drops after SVB Exposure, Circle Issues Corrective Measures
By Bhushan Akolkar
March 13th, 2023
USDC stablecoin issuer Circle has a staggering $3.3 billion of its total reserves with the Silicon Valley Bank. Circle has promised to cover any shortfall using corporate resources as well as external capital if required.
US Government Announces $25B in Funding amid Fears of Looming Banking Crisis
By Mayowa Adebajo
March 13th, 2023
The US government appears to be solely focused on strengthening public confidence in its banking system.
7 Ways to Diversify Your Crypto Portfolio
By Andy Watson
March 8th, 2023
A diversified portfolio is a crucial measure to mitigate risks, and also a safe way for newcomers to enter the crypto space.
Crypto Market Tanks amid Worries of Silvergate Bank’s Insolvency
By Bhushan Akolkar
March 3rd, 2023
As the Silvergate crisis spreads across the broader market, investors have been shoring up stablecoins with USDT and USDC witnessing a surge in trading activity.