November 4th, 2025
USDC News - Page 22
Circle Announces $400M Funding from BlackRock, Fidelity, Others
By Ibukun Ogundare
April 13th, 2022
Allaire referred to the funding as a milestone moment for Circle. He said the round is part of the “coming of age” of crypto as Circle continues to target the mainstream adoption of USDC.
Circle Selects BNY Mellon as Custodian for USDC Reserves
By Tolu Ajiboye
April 1st, 2022
Circle says BNY Mellon will be its official primary custodian for USDC reserves which would be held in cash and treasuries.
Ola Finance Loses $3.6 Million in Latest DeFi Hack
By Babafemi Adebajo
April 1st, 2022
Commenting on the attack, Ola Finance noted it was still investigating the incident. It promised to provide a detailed report.
Circle Launches New Account to Facilitate Runnig Business with USDC
By Ibukun Ogundare
February 24th, 2022
The Circle Account provides USDC to its customers across the world. With more than $52 billion in distribution on February 23, 2022, USDC is backed fully by cash and equivalents and short-duration US Treasuries. It is exchangeable 1:1 for US dollars.
Luna Foundation Guard Raises $1B to Form UST Forex Reserve in BTC
By Bhushan Akolkar
February 23rd, 2022
Luna said that the Forex Reserve will help it prevent the risk of a “bank scenario” scenario associated with algorithmic stablecoin. The reason for choosing the BTC denominated Forex Reserve is that it is less correlated to the Terra ecosystem.
Circle Says Its Valuation with Concord Doubled to $9B Following Tweaked SPAC Deal
By Tolu Ajiboye
February 17th, 2022
Following a review with Concord, a SPAC, Circle now has a new valuation at $9 billion from the previous $4.5 billion.
Voyager Digital to Allow Customers to Use USDC for Buying Stocks
By Ibukun Ogundare
February 9th, 2022
In addition to accepting USDC, Voyager also plans to offer commission-free equity trades to users.
Coinbase Weighing Up Listing Solana Ecosystem Tokens in Near Future
By Kofi Ansah
January 27th, 2022
Reports also suggest that Solana-native USDC, which currently has a $4.8 billion circulating supply, would be among the supported assets.
US Banks to Form Consortium and Roll Out USDF Stablecoin
By Sanaa Sharma
January 13th, 2022
Provenance Blockchain, a proof-of-stake network, will support the USDF, allowing it to be cashable on a one-is-to-one ratio from any of the consortium’s banks.
Fantom-based DeFi Project Grim Finance Loses $30 Million in Hack
By Bhushan Akolkar
December 20th, 2021
As per the details, the hackers managed to exploit Grim Finance’s vault contract via five reentrancy loops. Following it, Grim Finance paused all vaults immediately to prevent fund transfers to the hacker’s address.
Deel Expands Crypto Payment Options with Addition of USDC and Solana
By Tolu Ajiboye
December 14th, 2021
Payroll services provider Deel says contractors now have the option of choosing to receive salary payments in USDC and Solana.
Voyager Digital Launches Debit Card Linked to USDC
By Tolu Ajiboye
November 16th, 2021
Voyager Digital has launched USDC-linked debit card in an attempt to appeal to a broader customer base with annual rewards.
Circle Plans for Expansion in Asia, Will Invest in Japanese Efforts Towards Yen Stablecoin
By Gladis Monteiro
November 15th, 2021
The principal reason behind Circle expanding in Asia is the expected growth of stablecoins in the borrowing and lending markets.
Circle Launches $50M Venture Fund to Invest in Blockchain Projects
By John K. Kumi
November 10th, 2021
Circle has a larger mission of advancing innovation in financial services, and the newly launched Venture Fund will be a corporate activity that fits into this vision.
BitPay Partnership with Wix: Wix Merchants Can Accept Crypto Payments
By Bhushan Akolkar
October 13th, 2021
The BitPay integration will boost sales for Wix merchants while offering broader crypto payment options to customers. BitPay will facilitate payments in 12 different cryptocurrencies.