Crypto Users Turned to DEXs, Loaded up on USDC after Silicon Valley Bank Crash
With the failure of Silicon Valley Bank, investors loaded their bags with USD Coin $1.00, resulting in a fund flight.
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Can Circle [USDC] Turn Things Around With New Plan? All You Need to Know
Circle had its most difficult week of the year after USD Coin [USDC] lost its dollar peg. Although it has.
- by Oladapo Hapostle
- March 16, 2023
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Circle Clears ‘substantially all’ Minting and Redemption Backlog for USDC
Circle says it has fulfilled “virtually all” of the redemption and minting requests for its USD Coin $1.00 stablecoin. Circle.
- by Oladapo Hapostle
- March 16, 2023
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Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
Investors fled three days ago when Circle-issued USDC failed to keep its peg against the U.S. dollar. Messari data suggests.
- by Oladapo Hapostle
- March 16, 2023
Latest News
Decentralized Exchange (DEX) Trading Volumes Surged Nearly 250% Amid Stablecoin Crisis
During the stablecoin crisis earlier this week, which saw the value of USDC, the second-largest stablecoin by market capitalization, drop.
- by Oladapo Hapostle
- March 16, 2023
Latest News
Circle CEO ‘able to access’ $3.3B of USDC’s Reserves at Silicon Valley Bank
Jeremy Allaire, CEO and co-founder of Circle, stated that the stablecoin issuer has been “able to access” its $3.3 billion.
- by Oladapo Hapostle
- March 15, 2023
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Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
Over the weekend, a wallet with the name Vitalik Buterin paid 500 ether, or just over $700,000, to create the.
- by Oladapo Hapostle
- March 14, 2023
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CFTC Adds Execs from Circle, Ava Labs and Fireblocks to Tech Advisory Group
After incorporating a number of industry leaders on its new Technology Advisory Group, the Commodities Futures Trading Commission (CFTC) has.
- by Oladapo Hapostle
- March 14, 2023
Latest News
$USDC Regains Its Peg After U.S. Treasury Department Says Depositers of SVB Will Be Made Whole
The release of a crucial joint statement by U.S. Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair.
- by Oladapo Hapostle
- March 14, 2023
Blockchain News
Feds Shut Down Signature Bank, Say Signature and Silicon Valley Bank Depositors Will Be Made Whole
Silicon Valley Bank and Signature Bank depositors will receive their cash on Monday. The announcement was made by Federal Reserve.
- by Oladapo Hapostle
- March 14, 2023
