Altcoins
USDC stablecoin issuer Circle obtains Singapore license for digital payments, others
Circle Singapore said Wednesday it has received a Major Payment Institution license from the Monetary Authority of Singapore.
Danny Park
Lens
USDC – USD Coin
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Crypto Trading and Strategies
Are deposit tokens the new stablecoins — or a wolf in sheep’s clothing?
Stablecoins are a key part of the crypto ecosystem, but banks like JPMorgan are now exploring deposit tokens as an alternative. Which is better, and why?
Bernhard Blaha
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Regulation
Circle’s USDC bounces back after Silicon Valley Bank bust
Top blockchain and crypto news: USDC stabilizes after SVB collapse. Silvergate closes shop. China tightens financial supervision.
Forkast.News
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Altcoins
Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River
Circle said the USDC reserve deposits held at the failed Silicon Valley Bank will be recovered when banks open on Monday.
Danny Park
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Bitcoin News
Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk
Circle said its $3.3 billion of USDC cash reserves at the collapsed Silicon Valley Bank will be available Monday after regulators stepped in to backstop deposits.
Timmy Shen
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Bitcoin News
Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks
Bitcoin and Ether led a rebound in cryptocurrencies in Asia morning trading as U.S. regulators backstopped banks with ties to the crypto industry.
Tom Zuo
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Altcoins
Binance resumes USDC withdrawals amid record stablecoin outflows
Binance, the world’s largest cryptocurrency exchange, announced at 12:54 a.m. on Wednesday in Hong Kong that USDC stablecoin withdrawals have resumed.
Zoltan Vardai
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Altcoins
Binance ‘temporarily’ freezes USDC stablecoin withdrawals, cites need for NY banks to reopen
The Binance cryptocurrency exchange “temporarily paused” USDC stablecoin withdrawals while it carried out a “token swap,” the company announced Tuesday.
Dylan Butts
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Altcoins
USDC stablecoin issuer Circle expects slower growth over Binance’s BUSD conversion
Circle, the issuer of U.S. dollar-pegged stablecoin USDC, has said that stronger competition in the stablecoin market is likely to pressure Circle stablecoins, thereby slowing its growth and weighing on the financial outlook of the company.
Pradipta Mukherjee
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Altcoins
USDC coming to five additional blockchain ecosystems
Circle Internet Financial, Inc., the global financial technology company behind the USD Coin (USDC) stablecoin, will soon be making the token available on five additional blockchains, Chief Product Officer Nikhil Chandhok said on Wednesday at the company’s Converge22 conference. See related article: U.S. Fed has growing interest in CBDCs, says Jeng at Crypto Council for […]
Dylan Butts
