Bitcoin enters disbelief phase as USDC exchange reserves push above $7.5B
A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising?...
Tag : USDC
Circle Economist Proposes 50% Rate Ceiling to Snap Aave's USDC Liquidity Crisis
In brief An economist at USDC issuer Circle proposed an emergency overhaul of Aave’s lending mechanics, advocating for a 50% maximum borrowing rate. Making Aave...
Nium integrates Coinbase to enable instant USDC payouts
Singapore-based fintech firm Nium has partnered with Coinbase to bring USDC-powered cross-border payments to its global network. Summary Nium has integrated Coinbase infrastructure to enable...
Binance Offers $10 USDC Welcome Bonus for CryptoNews Readers
Binance is giving new users a straight $10 USDC just for making their first trade, and CryptoNews readers have until May 16 to claim it....
Tether Asserts Stablecoin Dominance Over Circle's USDC Amid Major Crypto Hacks
In brief Growth in USDT’s market cap has outpaced USDC’s since Drift Protocol was exploited for $285 million this month. If USDC holders begin off-ramping...
Nium taps Coinbase to add USDC into global payments network
Singapore fintech Nium has selected Coinbase to integrate USDC payments into its global network to send, receive and convert stablecoins to fiat across more than...
Drift Taps Tether for $148 Million Recovery Plan, Ditches Circle's USDC Following DeFi Exploit
In brief Drift Protocol is working with Tether on establishing a recovery pool for victims that lost $295 million to an exploit this month. Drift...
Circle unveils USDC Bridge for native cross-chain stablecoin transfers
Stablecoin issuer Circle has launched USDC Bridge, a new user interface built on top of the Cross-Chain Transfer Protocol (CCTP) that seeks to simplify native...
Circle faces lawsuit as $230M in stolen USDC moved across chains after Drift breach
A new class action lawsuit has put Circle under legal scrutiny over its response to the movement of stolen USDC following the Drift Protocol hack....