May 1st, 2025
USDC News - Page 16
Trio of Japanese Banks Look to Embark on Stablecoin Experiment
By Tolu Ajiboye
March 2nd, 2023
Japanese banks Tokyo Kiraboshi Financial Group, The Shikoku Bank, and Minna no Bank are reportedly launching a stablecoin to enhance payments.
Coinbase CEO Calls for Clear Crypto Regulations in US to Catch Up with Other Global Financial Hubs
By Steve Muchoki
March 2nd, 2023
According to Armstrong, the crypto asset market is here to stay, thus the reason traditional financial services are integrating with the blockchain and cryptocurrency industry.
Australia Partners with Payment Giant Mastercard, Others to Test CBDC
By Mayowa Adebajo
March 2nd, 2023
The RBA is set to explore various use cases for its central bank-issued digital currency (CBDC).
Binance Refutes Forbes Collateral Report Alleging Exchange Transferred Vast Customer Funds Surreptitiously
By Tolu Ajiboye
February 28th, 2023
Leading exchange Binance claims that the Forbes collateral report relates to its internal wallet management and is thus unfounded.
Binance Transferred $1.8B of Users’ Collateral Stablecoins to Hedge Funds, Including Alameda, Last Year
By Steve Muchoki
February 28th, 2023
Binance has indicated that the fund transfer was among its standard practices and did not create any problems for its traders.
What Is Purpose behind Binance’s Proof of Reserves Website?
By Andy Watson
February 27th, 2023
Binance has already started the PoR system with BTC, and the company plans to release reserves for different coins like BNB, ETH and USDC in the future.
DeFi Protocol Platypus Announces Major Compensation after $9M Hack
By Bhushan Akolkar
February 24th, 2023
DeFi protocol Platypus is in talks with Aave and stablecoin issuer Tether in order to recover the funds stolen from last week’s exploit.
USDC Issuer Circle to Increase Workforce by 25%
By Mayowa Adebajo
February 23rd, 2023
Circle is presently focused on expanding its staff. However, it also confirms that its plan to go public is not entirely off the table.
Canada Lists Stringent Requirements for CTPs Trading in Stablecoins
By Sanaa Sharma
February 23rd, 2023
The crypto asset trading platforms will now be forbidden from allowing clients to trade and deposit stablecoins, or any other type of “Value Referenced Crypto Assets” (VRCAs), without the CSA’s prior written authorization.
Mastercard Partners Web3 Payment Protocol Immersve to Allow Crypto Payments via USDC
By Darya Rudz
February 22nd, 2023
There is no need for Mastercard users to rely on a third party to make a direct crypto payment, they can just use their existing Web3 wallets and private keys to approve payments. Meanwhile, Immersve will find a third-party settlement provider and allow its users to use USDC for paying for all purchases.
Celsius Reaches Acquisition Agreement with Digital Management Agency to Exit Bankruptcy
By Tolu Ajiboye
February 16th, 2023
Insolvent crypto lender Celsius entered an acquisition agreement with NovaWulf that sees the creation of a new company.
Coinbase Calls for Proactive Regulation amid Stablecoin Crackdown
By Godfrey Benjamin
February 15th, 2023
In its defense of the attributes of stablecoins, Coinbase pointed out the core uses of the tokens. The exchange said they find immense uses in circumventing the inefficiencies in the traditional banking world.
Amid Regulatory Pressure, Paxos Burns $700 Million Worth of BUSD
By Bhushan Akolkar
February 15th, 2023
The $700 million redemption of the BUSD stablecoin in just 27 hours represents 6% of the total coins in circulation.
Stablecoin Issuer Circle Warns NYDFS over Binance USD (BUSD) Reserves
By Bhushan Akolkar
February 14th, 2023
In its complaint, Circle said that Binance-peg BUSD was not fully backed as nearly $1 billion was missing from its reserves.
Binance to Temporarily Suspend US Dollar Deposits and Withdrawals This Week
By Mercy Tukiya Mutanya
February 7th, 2023
According to blockchain intelligence platform Arkham Intelligence, the announcement was followed by a marked increase in outflows from Binance wallets with millions of USDT and USDC being moved to self-custody and rival exchanges.