US Dollar Coin

USDC Issuer Circle Responds to EU’s Proposal To Expand Crypto Regulatory Oversight

September 7, 2023 The Daily Hodl

Altcoins

US Dollar Coin (USDC) stablecoin issuer Circle is responding to proposed changes to the European Union’s (EU) financial crime policies, which would impact crypto companies. In May, the European Banking Authority (EBA) launched a public consultation on amendments that would extend the scope of EU’s guidelines on money laundering and terrorist financing (ML/TF) risk factors […]

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Tether (USDT) and USDC Hinting at Possible Next Move for Crypto Markets, According to Analytics Firm Santiment

July 12, 2023 The Daily Hodl

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The on-chain patterns of the top two stablecoins by market cap could hint at when the crypto markets are gearing up for another leg up in price, according to the analytics firm Santiment. Santiment says in a new analysis that traders should monitor Tether (USDT) and US Dollar Coin’s (USDC) supply on exchanges because that […]

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Whales Are Holding Massive Amounts of This Crypto Asset Class Amid Market Downturn, According to Santiment

June 9, 2023 The Daily Hodl

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Crypto analytics platform Santiment says that whales are holding onto huge amounts of one digital asset class during the market correction. The market intelligence firm says that many whales and sharks are not cashing out of digital assets altogether during the downturn but instead parking their wealth in stablecoins. Stablecoins are digital assets with a […]

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Second-Largest Stablecoin To Launch ‘Natively’ on Ethereum Scaling Solution Arbitrum (ARB) Next Week

June 2, 2023 The Daily Hodl

Altcoins

Circle plans to launch USD Coin (USDC) natively on the Ethereum (ETH) scaling solution Arbitrum (ARB) on June 8th. The stablecoin issuer says this native USDC will be the official version of the Arbitrum ecosystem and will eventually replace the USDC currently on Arbitrum that is bridged from Ethereum. Explains the ETH scaling solution, “Arbitrum […]

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Mysterious Shiba Inu (SHIB) Trader Nets Huge Profit Selling Ethereum (ETH) During USDC Depegging: On-Chain Data

March 14, 2023 The Daily Hodl

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A mysterious Shiba Inu (SHIB) trader pocketed millions of dollars in the wake of the USD Coin (USDC) depegging, according to on-chain data. Blockchain tracking firm Lookonchain says that as the USDC stablecoin lost its peg to the US dollar over the weekend, an unknown crypto trader made a profit of $4.14 million in about […]

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Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen

March 13, 2023 The Daily Hodl

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Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from its recent depegging from the dollar. USDC, a stablecoin designed to stay pegged to the value of one US dollar, fell in value to as low as $0.87 on March 11 following […]

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$6,300,000,000 Erased From USDC Market Cap As Top Stablecoin Depegs From US Dollar

March 11, 2023 The Daily Hodl

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USD Coin (USDC) is struggling to maintain its peg to the US dollar after revelations that some of the cash backing the top stablecoin is stuck in Silicon Valley Bank. The Boston-based firm says $3.3 billion of the $40 billion backing USDC is locked in the collapsed bank, which is now controlled by the FDIC. […]

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Circle Chief Strategy Officer Says ‘Inevitable’ Crypto Remains Protagonist of Global Financial World

January 4, 2023 The Daily Hodl

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The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is optimistic about the future of crypto assets. Dante Disparte, who is also Circle’s global policy head, says that the adoption of crypto technology is unavoidable in the same way that the computer revolution forced enterprises to incorporate information and communication technologies into […]

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Circle CEO Jeremy Allaire Says Crypto Use Cases Still Remain Strong Following FTX Debacle

November 17, 2022 The Daily Hodl

Altcoins

The CEO of USD Coin (USDC) issuer Circle says that the concept of crypto offering more transparency than traditional finance still holds amid the current fiasco in the industry. In a new interview on Yahoo Finance Live, Jeremy Allaire says that the blockchain-based decentralized system that came out of the 2008 financial crisis continues to […]

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Coinbase Partners With MakerDAO for Institutional USDC Rewards Program

October 26, 2022 The Daily Hodl

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The top US crypto exchange Coinbase is partnering with MakerDAO in a custody deal nearly doubling the exchange’s US Dollar Coin (USDC) holdings. Under the agreement, MakerDAO, the decentralized autonomous organization (DAO) behind the stablecoin DAI, will deposit up to $1.6 billion of its USDC holdings with Coinbase Prime. When in Coinbase’s custody, MakerDAO will […]

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