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Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum
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Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum

Coinbase and Circle Centre Consortium have expanded USDC from Ethereum to Algorand’s blockchain as part of its multi-chain USDC framework.

US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela
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US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela

U.S government has tapped Circle’s USDC stablecoin to offer foreign aid in Venezuela through President-elect Juan Guaidó exiled government.

MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk
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MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk

The share plunge of the cryptocurrency market has severely hit MakerDAO, the leader in the decentralized finance (DeFi) ecosystem. Last week its market value fell sharply from 889M to $246M which brought together Maker’s developer community who have recently discussed adding support for Circle’s USDC as collateral to hedge against the liquidity risk.

New Money Theory in Action: Circle's USDC Stablecoin
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New Money Theory in Action: Circle's USDC Stablecoin

Circle is gearing up for 2020 with a renewed deep focus on stablecoins and the powerful potential they hold for people, enterprises, and governments globally.

USDC on Crypto Exchanges Spike as Tether (USDT) Dominance Falters - What This Means
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USDC on Crypto Exchanges Spike as Tether (USDT) Dominance Falters - What This Means

According to an assessment from Glassnode, the amount of stablecoins being deposited on exchanges is an indication that things are turning bullish for Bitcoin.

Crypto Tax Payments Permitted in Bermuda
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Crypto Tax Payments Permitted in Bermuda

Bermuda has started accepting tax payments using Circle's stablecoin known as USD Coin (USDC).

Stablecoin USDC Issuer Circle Launches Verit-based Institutional Digital Identity System
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Stablecoin USDC Issuer Circle Launches Verit-based Institutional Digital Identity System

On October 1, Circle, the US dollar stablecoin USDC issuer, announced the launch of an institutional digital identity system based on Verit, an open source framework for the issuance, custody and verification of decentralized identity credentials.

Binance Launches Incentive Campaign for USDC-M Perpetual Contracts
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Binance Launches Incentive Campaign for USDC-M Perpetual Contracts

Binance launches a dual-incentive promotional campaign for USDC-margined perpetual contracts, targeting deposits and trading activities to stimulate market engagement and diversify trading options in the crypto futures market.

Circle CEO Expects Yuan-Backed Stablecoins Despite China's Crypto Ban
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Circle CEO Expects Yuan-Backed Stablecoins Despite China's Crypto Ban

According to SCMP, despite the stringent ban on cryptocurrencies in mainland China, Jeremy Allaire, the co-founder and CEO of Circle, a leading operator of the USDC stablecoin, foresees a significant role for yuan-backed stablecoins in the global crypto market.

Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin
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Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

MoneyGram has partnered with Stellar Development Foundation to enable customers to make settlements in different fiat currencies including cryptocurrencies using USDC stablecoin.

Circle Deploys New Pre-Mint Address for USDC on Solana (SOL)
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Circle Deploys New Pre-Mint Address for USDC on Solana (SOL)

Circle has introduced a new pre-mint address for USDC on the Solana blockchain, streamlining operations in anticipation of the Cross-Chain Transfer Protocol launch.

USDC Issuer Circle to Launch Euro-Backed Stablecoin
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USDC Issuer Circle to Launch Euro-Backed Stablecoin

The move by Circle to involve in launching its Euro stablecoin is based on user demand and business competition. The use of euro-backed stablecoins is rising in Europe.

Circle Launches Cross-Chain Transfer Protocol for USDC
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Circle Launches Cross-Chain Transfer Protocol for USDC

Circle has released a mainnet protocol allowing users to transfer USDC between Ethereum and Avalanche. The Cross-Chain Transfer Protocol (CCTP) eliminates the need for USDC bridges and aims to reduce fragmentation in the Web3 ecosystem.

Banking Circle Adopts USDC as Currency on its Payment Rails
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Banking Circle Adopts USDC as Currency on its Payment Rails

Banking Circle, an European Union (EU) regulated payments bank has announced that it has integrated the USD Coin (USDC) stablecoin into its payment rail

OKX Adds USDC Spot Trading Pairs
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OKX Adds USDC Spot Trading Pairs

OKX announces the introduction of new USDC trading pairs to support the growing USDC ecosystem.

FV Bank Partners with Circle for Instant USDC Deposits and Conversion
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FV Bank Partners with Circle for Instant USDC Deposits and Conversion

FV Bank, a global digital bank, has partnered with Circle to enable instant and automatic conversion of USD Coin (USDC) into USD upon deposit for a seamless experience.

USDC Issuer Circle Secures $400M Funding from Fidelity and BlackRock
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USDC Issuer Circle Secures $400M Funding from Fidelity and BlackRock

Circle, the company behind USD Coin (USDC), has bagged funding worth $400 million from different players, including Fidelity Management, BlackRock Inc, and Research LLC, signalling traditional finance interest in the crypto space.

Ripple CEO Garlinghouse Foresees Ether ETF Approval, Critiques SEC's Approach
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Ripple CEO Garlinghouse Foresees Ether ETF Approval, Critiques SEC's Approach

Ripple CEO Brad Garlinghouse predicts the approval of an Ether ETF by the SEC, critiquing the commission's approach under Gary Gensler as a political liability and detrimental to the U.S. economy's growth.

Circle Launches Native USDC on Polygon
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Circle Launches Native USDC on Polygon

Circle has natively integrated USDC on the Polygon PoS network, enabling direct access for users and developers. This move phases out the need for bridged USDC.e, providing a more stable and straightforward means for transactions on the network. The development is anticipated to foster numerous use cases, enhancing the overall ecosystem.

Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off
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Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off

Circle, the issuer of USD Coin (USDC), was unable to withdraw $3.3 billion of its $40 billion reserves from Silicon Valley Bank (SVB), leading to a sell-off that caused the stablecoin's value to drop below its $1 peg. Circle initiated a wire transfer to remove the funds from SVB as the FDIC-insured bank was about to shut operations, but the transfer was not wholly processed, leaving $3.3 billion of USDC reserves with SVB. Dante Disparte, Circle's chief strategy officer, warned that SVB's failure could have broader implications for the US economy.

FTX Continues to Move Funds Amid Ongoing Investigations
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FTX Continues to Move Funds Amid Ongoing Investigations

Addresses associated with FTX and its subsidiary, Alameda Research, have reportedly transferred $145 million in stablecoins to various platforms, as the cryptocurrency exchange faces demands to return funds to different groups of investors amid ongoing investigations and lawsuits.

USDC Holders Panic Sell Amid Solvency Concerns
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USDC Holders Panic Sell Amid Solvency Concerns

On March 10, concerns about the solvency of USD Coin (USDC) led several holders to panic sell their holdings and switch to other stablecoins. One user lost over 2 million USDC in a failed attempt to exchange them for Tether (USDT) using KyberSwap's decentralized exchange aggregator. Tron founder Justin Sun reportedly withdrew 82 million USDC and exchanged them for Dai (DAI) using Aave v2, while IOSG Ventures sold 118.73 million USDC for 105.67 million USDT and 2,756 Ether (ETH). The USDC price has since slowly recovered, and Circle, the company behind USDC, disclosed holding $3.3 billion at the Silicon Valley Bank.

Circle Partners with Cross River Bank for USDC Production and Redemption
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Circle Partners with Cross River Bank for USDC Production and Redemption

Circle has partnered with Cross River Bank for USDC production and redemption, as well as expanded relationships with other banking partners like BNY Mellon. The USDC stablecoin recently experienced a peg-breaking incident but has since recovered.

Circle Rolls Out Native USDC on the Celo Blockchain, Expanding Stablecoin Access
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Circle Rolls Out Native USDC on the Celo Blockchain, Expanding Stablecoin Access

Circle has integrated USDC directly onto the Celo blockchain, enabling faster and cheaper transactions with its native stablecoin. This aligns with Circle and Celo's shared mission of increasing financial access.

Binance Ends USDC Transactions on TRC20 Network
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Binance Ends USDC Transactions on TRC20 Network

Binance will stop supporting USDC transactions on the TRC20 network from April 5, 2024, in response to Circle's policy changes.

Robinhood Lists USDC as First Stablecoin on Trading Platform
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Robinhood Lists USDC as First Stablecoin on Trading Platform

Robinhood has adopted the second-largest stablecoin for trading transactions.

Circle's USDC Reserve Exposure and Potential Risks
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Circle's USDC Reserve Exposure and Potential Risks

Circle's latest audit report reveals that the company's exposure to the US banking system stands at nearly $9 billion, with its reserves held by a number of regulated financial institutions, including SVB, BNY Mellon, and Silvergate. However, recent events such as the shutdown of SVB and Silvergate's decision to shut down its crypto bank arm have raised concerns about potential risks for Circle and its stablecoin USDC.

Shiba Inu Shibarium Introduces Wrapped BONE and Hosted Blockscout Explorer
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Shiba Inu Shibarium Introduces Wrapped BONE and Hosted Blockscout Explorer

Shibarium has 1 million wallets and near 1 million transactions. It launched a hosted Blockscout explorer and expanded its token bridge to include various tokens. The Wrapped BONE contract has been verified, and Shibarium plans to renounce the Bone contract.

Wormhole Foundation Launches STIP Grant with 1.8M ARB to Boost Arbitrum Ecosystem
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Wormhole Foundation Launches STIP Grant with 1.8M ARB to Boost Arbitrum Ecosystem

The Wormhole Foundation's STIP Grant, funded by a 1.8M ARB grant from Arbitrum DAO, incentivizes USDC migration to Arbitrum to enhance liquidity and network growth.

Breaking: Visa Expands Stablecoin Settlement On Solana
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Breaking: Visa Expands Stablecoin Settlement On Solana

Visa has expanded its stablecoin settlement capabilities, incorporating the Solana blockchain and initiating pilot programs with merchant acquirers Worldpay and Nuvei. The move aims to modernize cross-border money movement by leveraging stablecoins like Circle's USDC. Visa has conducted live pilots, transferring millions of USDC between partners over Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized via VisaNet. The new settlement options enable Visa to send funds on-chain to acquirers like Worldpay and Nuvei, serving various sectors.

Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD
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Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD

Indian crypto platform WazirX has announced it will be delisting USD Coin (USDC), USDP, and TUSD in a move that is similar to its so-called parent company, Binance Exchange.

Polkadot Reports Q3 Growth: New Parachains, Staking Metrics, and Technical Upgrades
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Polkadot Reports Q3 Growth: New Parachains, Staking Metrics, and Technical Upgrades

Polkadot's ecosystem saw significant expansion in Q3 2023, with the addition of five new parachains, a rise in staking metrics, and major technical upgrades. The total volume of staked DOT increased to 663 million, and the platform recorded more than 190 million on-chain events. The quarter also saw the introduction of native USDC and a 20% quarter-on-quarter rise in XCM messages.

Banking crisis could push cryptocurrency regulation into gray area
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Banking crisis could push cryptocurrency regulation into gray area

Circle CEO Jeremy Allaire believes that the ongoing global banking crisis could lead to more uncertainty and gray area in the regulation of cryptocurrencies due to market anxiety over exposure to the US financial system and the risk of a large-scale banking system failure.

MakerDAO Keeps USDC as Primary Collateral for Dai
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MakerDAO Keeps USDC as Primary Collateral for Dai

MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.

Cryptocurrency Detective ZachXBT Uncovers Unusual ETH Withdrawals for MTG Cards
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Cryptocurrency Detective ZachXBT Uncovers Unusual ETH Withdrawals for MTG Cards

ZachXBT's analysis of cryptocurrency transactions involving the withdrawal of over 11,200 ETH, equivalent to $25 million, raises questions about the source and intent of these funds.

Stablecoins Could Bolster U.S. Dollar and Economic Competitiveness: Circle CEO
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Stablecoins Could Bolster U.S. Dollar and Economic Competitiveness: Circle CEO

In a compelling testimony delivered to the House Financial Services Committee, Jeremy Allaire, CEO and Co-Founder of Circle, underlined the significant role stablecoins, such as the U.S. Dollar Coin (USDC), could play in strengthening the global position of the U.S. dollar.

US Draft Bill Proposes Framework for Stablecoins
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US Draft Bill Proposes Framework for Stablecoins

A new draft bill has been published in the United States proposing a regulatory framework for stablecoins. The bill would put the Federal Reserve in charge of non-bank stablecoin issuers, such as Tether and Circle. Insured depository institutions seeking to issue stablecoins would fall under federal banking agency supervision. The bill also includes a ban on issuing stablecoins not backed by tangible assets and proposes a study on "endogenously collateralized stablecoins."

Vitalik Buterin's USDC Transfer, Market Crash and USDC Depegging
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Vitalik Buterin's USDC Transfer, Market Crash and USDC Depegging

Vitalik Buterin, the co-founder of Ethereum, recently executed a transaction that involved transferring 3,300 USD Coin (USDC) amidst a market downturn. This event coincided with Ethereum's price falling by more than 10%, reaching a low of $2,100, and a significant depegging of USDC by 24% against USDT.

Argentina Fighter Guido Cannetti Accepts Salary in Stablecoin
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Argentina Fighter Guido Cannetti Accepts Salary in Stablecoin

Argentina athlete Guido Cannetti of the world's leading mixed martial arts competition Ultimate Fighting Championship (UFC) announced that his salary will be paid in full in stablecoin USDC.

Banks increase risks to stablecoins
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Banks increase risks to stablecoins

The death of the Terra ecosystem triggered a bear market in 2022, causing losses in billions, affecting investor sentiment, and intensifying the regulatory spotlight over cryptocurrencies. Recently, Circle's disclosure that Silicon Valley Bank (SVB) did not process its $3.3 billion withdrawal request led to the depegging of its USD Coin (USDC). This event caused Binance CEO CZ to believe that traditional banks are a risk to stablecoins that are usually pegged 1:1 with fiat currencies, like the U.S. dollar.

Circle's Stablecoin USDC Affected by Collapsed Bank
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Circle's Stablecoin USDC Affected by Collapsed Bank

Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market cap by nearly 10% since March 11.

Circle's New APIs Simplify Complex Crypto Concepts For Mass Institutional Adoption
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Circle's New APIs Simplify Complex Crypto Concepts For Mass Institutional Adoption

Circle Builds Layers of Simplicity over Complex Crypto Concepts for Business to Trigger Digital Adoption

FIS Worldpay Partners with Circle for Merchant Payment Settlements in USDC Stablecoin
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FIS Worldpay Partners with Circle for Merchant Payment Settlements in USDC Stablecoin

By partnering with Circle, Worldpay will enable merchants to have the ability to receive settlement directly in USDC stablecoin.

Circle Inks Strategy Partnership with Bancorp for USDC Custody
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Circle Inks Strategy Partnership with Bancorp for USDC Custody

Circle Internet Financials LLC, the blockchain company responsible for the issuance of the USDC stablecoin, has announced its latest partnership with New York Community Bank (NYCB).

Bentley University Rolls Out Crypto Payment Option for Tuition Fees
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Bentley University Rolls Out Crypto Payment Option for Tuition Fees

To offer students and their families new methods to pay tuition, US-based Bentley University has started accepting crypto payments.

Maple Finance Opens Cash Management Solution to U.S. Investors, Backed by U.S. Treasury Bills
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Maple Finance Opens Cash Management Solution to U.S. Investors, Backed by U.S. Treasury Bills

Maple Finance opens Cash Management to U.S. Accredited Investors, offering yield backed by U.S. Treasury bills.

Depegging of USDC and DAI Saves Borrowers $100 Million
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Depegging of USDC and DAI Saves Borrowers $100 Million

The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days.

Stablecoin USDC Issuer Circle to Apply for U.S. Crypto Banking License
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Stablecoin USDC Issuer Circle to Apply for U.S. Crypto Banking License

Circle Internet Financial, the second-largest stablecoin USDC issuer, said it is now close to submitting an application to U.S. regulators to operate as a bank.

Former Coinbase CTO Bets $1 Million on Bitcoin Reaching $1 Million in 90 Days
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Former Coinbase CTO Bets $1 Million on Bitcoin Reaching $1 Million in 90 Days

Former Coinbase chief technology officer Balaji Srinivasan has placed a bet worth $1 million on Bitcoin's price reaching $1 million by June 17. Srinivasan accepted the wager from pseudonymous Twitter user James Medlock, who bet $1 million that the United States would not experience hyperinflation.

USDC Enjoys Robust Reserve & Redeemed on 1:1 basis with USD, Says Circle CEO
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USDC Enjoys Robust Reserve & Redeemed on 1:1 basis with USD, Says Circle CEO

Jeremy Allaire, the founder and CEO of USDC stablecoin issuer- Circle, shared on Twitter about the firm and how to place in a better position financially, despite the ongoing crypto market meltdown.

Circle Introduces Native USDC on OP Mainnet: What It Means for the Ecosystem
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Circle Introduces Native USDC on OP Mainnet: What It Means for the Ecosystem

Circle launches native USDC on OP Mainnet, replacing Ethereum bridged liquidity. Collaborating with Optimism, it will be available on Coinbase's Base, Solana, Ethereum, and Mercado Pago.

Circle's USDC Reserves Remain Stuck at SVB, Raises Concerns Over Crypto Stability
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Circle's USDC Reserves Remain Stuck at SVB, Raises Concerns Over Crypto Stability

Circle's $3.3 billion worth of USDC reserves held at Silicon Valley Bank (SVB) have not been processed, raising concerns over the stability of the cryptocurrency. This follows the disclosure that 20% of Circle's USDC reserves were held in several financial institutions, including the recently bankrupted Silvergate and the now-shuttered SVB. The world of cryptocurrencies has been characterized by volatility, leading to concerns over their stability and reliability as a store of value. One cryptocurrency that has been touted as a more stable alternative to Bitcoin is USD Coin (USDC), a stablecoin that is pegged to the US dollar.

Binance Adds USDC on Its Dual Investment Service
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Binance Adds USDC on Its Dual Investment Service

Binance, one of the leading cryptocurrency exchanges, has announced the addition of USDC on its Dual Investment platform. Users can now participate in Buy Low & Sell High products with various USDC pairs, allowing them to earn rewards on popular cryptocurrencies.

Rocket Pool GMC Treasury Considers USDC Diversification to Stabilize $RPL Value
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Rocket Pool GMC Treasury Considers USDC Diversification to Stabilize $RPL Value

Rocket Pool's GMC plans to convert 20% of monthly inflow payments to USDC starting September, aiming to attract a diverse applicant pool despite challenges in optimal allocation strategy.

Circle Doubles Value to $9B with New Deal with Concord Acquisition Corp
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Circle Doubles Value to $9B with New Deal with Concord Acquisition Corp

Fintech company Circle Internet Financial has revamped its merger agreement with Concord Acquisition Corp (NYSE:CND) through a special purpose acquisition, doubling its valuation to $9B from the $4.5 billion initially announced in July 2021.

Bybit Launches Futures Contracts Settled in USDC Stablecoin
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Bybit Launches Futures Contracts Settled in USDC Stablecoin

Bybit is one of the major crypto exchanges offering futures trading services globally. The exchange has launched a new trading service that settles options contracts in the stablecoin USDC.

Binance Integrates USD Coin (USDC) on CELO Network
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Binance Integrates USD Coin (USDC) on CELO Network

Binance, one of the leading cryptocurrency exchanges, has successfully completed the integration of USD Coin (USDC) on the CELO network. As a result, users can now deposit and withdraw USDC on Binance's platform.

Circle's USDC Reserve Mishap Leads to Massive Sell-off
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Circle's USDC Reserve Mishap Leads to Massive Sell-off

Circle's announcement that Silicon Valley Bank failed to transfer $3.3 billion of its USDC reserves led to a significant sell-off, causing the stablecoin to depeg from the U.S. dollar. Investors who tried to cut their losses by exchanging USDC for other stablecoins, such as USDT, faced exorbitant prices.

Circle Launches Circle Research with Perimeter Protocol
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Circle Launches Circle Research with Perimeter Protocol

Circle launches 'Circle Research' to further technical innovation in crypto, blockchain, and Web3 through open-source research. The initiative's first contribution, Perimeter Protocol, sets a new standard for building on-chain credit markets. Circle releases the Perimeter white paper and public GitHub Repo to advance open protocol transacting with a focus on credit, catering to a wide range of credit scenarios.

Is USDC’s Value Posed to Surpass that of USDT This Year?
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Is USDC’s Value Posed to Surpass that of USDT This Year?

As the stablecoin arena gains steam, the supremacy battle between Tether (USDT) and USD Coin (USDC) continues to rage on.

UAE's YallaMarket Now Accepts Crypto Payments
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UAE's YallaMarket Now Accepts Crypto Payments

YallaMarket, a grocery delivery startup in the United Arab Emirates, has announced it has started accepting crypto payments for its services.

Circle to Introduce Euro Coin and Cross-Chain Transfer Protocol to Solana in Early 2023
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Circle to Introduce Euro Coin and Cross-Chain Transfer Protocol to Solana in Early 2023

USD coin issuer and digital financial technology firm, Circle, is now set to expand its Euro Coin and its cross-chain transfer protocol to the Solana ecosystem in the first half of 2023.

Circle Plans to Cover USDC Shortfall After SVB Shutdown
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Circle Plans to Cover USDC Shortfall After SVB Shutdown

Circle, the issuer of the stablecoin USD Coin (USDC), has announced that it will use corporate resources to cover the shortfall on its reserves after Silicon Valley Bank (SVB) was shut down by the California Department of Financial Protection and Innovation. USDC liquidity operations will resume as normal when banks open on Monday, enabling redemption at 1:1 with the US dollar. The stablecoin lost its $1 peg on March 11, trading as low as $0.87, due to the disclosure of $3.3 billion of Circle's reserve held at SVB.

Native USDC Integration on Base Blockchain
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Native USDC Integration on Base Blockchain

Circle plans to launch native USDC on Base blockchain, replacing bridged USDbC liquidity. The token will be fully reserved and redeemable for US dollars, enhancing scalability, transaction speeds, and reduced gas fees.

Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves
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Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves

The new partnership will mutually benefit Circle and Mellon Bank.

Circle Publishes Inuagural USDC Reserve Treasury Report for June
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Circle Publishes Inuagural USDC Reserve Treasury Report for June

Co-Founder and CEO of Circle, Jeremy Allaire has announced the release of the company’s first monthly USDC reserve report for the month of June

Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin
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Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin

BAC has given more clarification on how Binance’s automatic conversion of other stablecoins could impact its business as well as its own BUSD stablecoin.

Moody warns of stablecoin adoption risk
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Moody warns of stablecoin adoption risk

Moody's Investors Service has warned that the recent turmoil in the traditional banking sector and USDC losing its peg could negatively impact stablecoin adoption and increase calls for regulation. The credit rating agency believes that fiat-backed stablecoins like USDC could face new resistance, limiting their stability and potentially causing a run on banks holding Circle's assets, which could lead to the depegging of other stablecoins.

Stripe Launches USDC Payments via Polygon
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Stripe Launches USDC Payments via Polygon

Stripe has begun providing businesses with the ability to pay their customers in crypto through USDC stablecoin.

Binance to Convert Users’ USDC Into Its Own Stablecoin
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Binance to Convert Users’ USDC Into Its Own Stablecoin

Binance said the move aims to improve liquidity and capital efficiency for customers.

Binance Loans Adds AXS, PENDLE, PAXG, RNDR, and USDC to Flexible Rate Options
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Binance Loans Adds AXS, PENDLE, PAXG, RNDR, and USDC to Flexible Rate Options

Binance adds Axie Infinity, PAX Gold, Pendle, Render, and USD Coin to its Flexible Rate Loans offerings, enhancing its financial services suite.

Circle Launches Corporate Account to Support USDC Transactions
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Circle Launches Corporate Account to Support USDC Transactions

Circle has launched a new account service that enables corporate customers to deposit, withdraw, receive and store cryptocurrencies through their account and allow them to settle all payments in USDC stablecoins.

USDC will integrate into Polkadot, NEAR, Base, Cosmos' Noble, and Optimism this September
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USDC will integrate into Polkadot, NEAR, Base, Cosmos' Noble, and Optimism this September

Circle, the creator of USDC stablecoin, is expanding its reach to six new blockchain ecosystems, including Base, Cosmos via Noble, NEAR, Optimism, and Polkadot, solidifying its market leadership.

MakerDAO Intends to Depeg DAI from USDC
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MakerDAO Intends to Depeg DAI from USDC

Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider de-pegging its native token DAI from stablecoin USD Coin (USDC).

Circle's 2024 USDC Economy Report Reveals Significant Growth in Stablecoin Adoption
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Circle's 2024 USDC Economy Report Reveals Significant Growth in Stablecoin Adoption

Circle's 2024 report on the USDC economy highlights significant growth in stablecoin adoption and usage, with a 59% increase in USDC wallets and over $12 trillion settled in blockchain transactions since its inception.

USD Coin Chief Strategy Officer Twitter Account Hacked
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USD Coin Chief Strategy Officer Twitter Account Hacked

Circle's USD Coin (USDC) stablecoin chief strategy officer Dante Disparte's Twitter account has been hacked, with the account reportedly promoting fake loyalty rewards to long-time users of USDC.

Bit.com Rolls Out USD Perpetual Trading for Diversification Purposes
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Bit.com Rolls Out USD Perpetual Trading for Diversification Purposes

To eliminate overreliance on a single type of stablecoin, Seychelles-based crypto exchange @Bit.com has rolled out USD perpetual trading, starting with BTC/USD and ETH/USD pairs.

US House Committee to Discuss Stablecoins Regulation
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US House Committee to Discuss Stablecoins Regulation

The US House Committee on Financial Services will conduct a hearing on April 19 to evaluate stablecoins’ position as a means of payment and whether the payment ecosystem needs supporting legislation. Circle's chief strategy officer and head of global policy, Dante Disparte, will testify at the hearing, which will focus on various stablecoins and their use in the payments landscape. A draft bill providing a framework for stablecoins in the United States was recently published in the House of Representatives document repository.

US Crypto Crackdown Hurts USD Coin
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US Crypto Crackdown Hurts USD Coin

Circle CEO Jeremy Allaire has blamed the declining market capitalization of USD Coin (USDC) on the cryptocurrency crackdown by US regulators. Allaire cited global concern about the US banking system and regulatory environment as major factors.

Heath Tarbert Joins Circle as Chief Legal Officer and Head of Corporate Affairs
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Heath Tarbert Joins Circle as Chief Legal Officer and Head of Corporate Affairs

Circle Internet Financial has appointed Heath Tarbert as its new chief legal officer and head of corporate affairs, effective from July 1, 2023.

Ethereum Foundation's 1.7K ETH Sale Signals Potential Price Downturn
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Ethereum Foundation's 1.7K ETH Sale Signals Potential Price Downturn

The Ethereum Foundation's sale of 1,700 ETH, coupled with pessimistic views from a crypto trading KOL and Mike Alfred, has fueled concerns about Ethereum's financial outlook. These developments may signal a potential downturn in ETH prices.

Circle Launches Programmable Wallets for Developers
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Circle Launches Programmable Wallets for Developers

Circle has launched Programmable Wallets, a service allowing developers to embed crypto wallets in apps. The blockchain-agnostic tool supports Ethereum, Polygon, and Avalanche.

Circle Has Started Building New Reserve Funds With BlackRock
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Circle Has Started Building New Reserve Funds With BlackRock

Circle is building a new reserve with BlackRock for USDC

Circle's USDC Reserve Exposure and Potential Risks
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Circle's USDC Reserve Exposure and Potential Risks

Circle's latest audit report reveals that the company's exposure to the US banking system stands at nearly $9 billion, with its reserves held by a number of regulated financial institutions, including SVB, BNY Mellon, and Silvergate. However, recent events such as the shutdown of SVB and Silvergate's decision to shut down its crypto bank arm have raised concerns about potential risks for Circle and its stablecoin USDC.

Binance.US to Remove Certain Trading Pairs and Pause OTC Trading
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Binance.US to Remove Certain Trading Pairs and Pause OTC Trading

Binance.US announced today that it will be making significant changes to its trading structure. The changes, set to take place on June 8, 2023 at 9 a.m. PDT / 12 p.m. EDT, will involve the removal of select Advanced Trading pairs and a pause on their Over-The-Counter (OTC) Trading Portal.

Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins
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Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins

Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made following the depegging of the USD Coin (USDC) stablecoin caused by the failure of three major crypto-friendly banks - Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank.

Uniswap Labs Announces Bug Bounty Program with Rewards Up to 2.25 Million USDC
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Uniswap Labs Announces Bug Bounty Program with Rewards Up to 2.25 Million USDC

Uniswap Labs has launched a Bug Bounty Program to encourage ethical hackers and security researchers to report vulnerabilities in its contracts. Successful disclosures can earn rewards of up to 2,250,000 USDC, targeting Universal Router Contract Code, Permit2 Contract Code, V3 Contract Code, and UniswapX Contract Code.

Checkout.Com Starts Accepting Stablecoins Payment, Providing 24/7 Settlement
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Checkout.Com Starts Accepting Stablecoins Payment, Providing 24/7 Settlement

Checkout.com has launched offering stablecoins as a payment option for its merchants by using Fireblocks’ new crypto payment technology.

Mastercard Enables USDC Spending in Asia
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Mastercard Enables USDC Spending in Asia

Mastercard has partnered with Stables to allow retail customers in the Asia-Pacific region to spend and save USDC through its network. Meanwhile, worldwide banking turmoil has not slowed the blending of traditional and decentralized finance (DeFi). Global payment provider Mastercard has expanded its partnership with the Australian stablecoin platform, Stables, to enable retail customers in the Asia-Pacific region to spend and save USDC anywhere Mastercard is accepted. The wallet will accept deposits in several stablecoins, including Tether (USDT) and Binance USD (BUSD), with all deposits automatically converted into USDC. This move comes as worldwide banking turmoil and regulatory crackdowns continue to impact the crypto space.

Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
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Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun

Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.

Bitpay Announces the First Large Online International Furniture Brand to Go Live
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Bitpay Announces the First Large Online International Furniture Brand to Go Live

Beliani, a European online home accessory and furniture seller, has inked a partnership with BitPay, a US-based bitcoin payment service provider, to allow buyers make purchases using cryptocurrencies, such as Bitcoin, Ripple, Ether, and Bitcoin Cash, as well as dollar-pegged stablecoins like USD Coin (USDC). This approach will enable shoppers to save 2-3% on every crypto transaction made compared to other payment methods.

DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes
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DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes

Harvest Finance is taking the offensive against an alleged attacker who exploited the DeFi protocols liquidity pools—putting a $100K bounty on the hacker.

Genesis Capital Breaks Previous Quarter Record With 870M in New Loan Originations in Q3
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Genesis Capital Breaks Previous Quarter Record With 870M in New Loan Originations in Q3

Genesis records rising demand for cash and stablecoins

Binance Reveals Why 30 Trading Pairs Where Removed From Its Exchange Platform
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Binance Reveals Why 30 Trading Pairs Where Removed From Its Exchange Platform

The cryptocurrency exchange giant based in Malta, Binance has been outshining Justin Tron who has been renowned for his high marketing skills.

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