November 4th, 2025
USDC News - Page 17
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.
Clearpool Announces Several New Products to Accelerate Its DeFi Credit Services
By Steve Muchoki
February 7th, 2023
In addition to Clearpool Prime, the company announced several new features including Term pools, Exchange Traded Pools (ETP), and secondary trading capabilities for tpTokens among others.
Poundtoken and BitcoinPoint Partners to Bring GBPT Stablecoin to Users via 18K ATMs in UK
By Steve Muchoki
February 1st, 2023
This partnership will help UK crypto customers trade digital assets seamlessly without the need to off-ramp using fiat currencies.
Moody’s to Develop New Stablecoin Scoring System
By Godfrey Benjamin
January 27th, 2023
With the proposed Moody’s stablecoin scoring system, the shift to the stablecoin regulations can be fast-tracked.
FSA to Create New Stablecoin Regulation as Japan Moves to Soften Its Previous Stance
By Mayowa Adebajo
January 24th, 2023
Expectations are that the new rule must have been completed by midyear and adopted by that same time.
Binance SWIFT Partner Signature Bank to Ban USD Transactions below $100K
By Babafemi Adebajo
January 23rd, 2023
Binance noted that Signature Bank only services 0.01% of its monthly average users. The exchange also stated that its other banking partners were not impacted by Signature’s decision.
Robinhood Wallet Rolled Out to Over 1M Customers on Waitlist, HOOD Shares Down 2.7%
By Steve Muchoki
January 20th, 2023
Once the user downloads and receives access, Robinhood Wallet grants each customer $5 in crypto.
Deloitte Set to Audit USDC Issuer Circle
By Babafemi Adebajo
January 18th, 2023
Circle reassured the USDC holders and the general public that it remained committed to transparency.
Tether (USDT) Ranks Ahead of Visa and Mastercard in 2022 Transaction Volume
By Mayowa Adebajo
January 16th, 2023
USDT remains the biggest stablecoin in the market with a market capitalization of $66.38 billion.