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 Circle has taken.
Crypto News
Crypto News
Decentralized Exchange (DEX) Trading Volumes Surged Nearly 250% Amid USDC, Stablecoin Crisis
During the stablecoin crisis earlier this week, which saw the value of USDC, the second-largest stablecoin by market capitalization, drop to $0.87 before.
Crypto 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 in funds that.
Crypto News
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 less well-known RAI.
Crypto News
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 shown interest in.
Crypto 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 Jerome H. Powell,.
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 (Feds) Chairman Jerome.
Crypto News
USDC, Crypto Rallies on News that SVB, Signature Bank Deposits are Safe
The value of USDC came close to restoring its prior level, while the prices of cryptocurrency increased as a result of the announcement.
Crypto News
Biden Vows to Hold Those Responsible for SVB, Signature Collapse
President Joseph Biden has promised to hold Silicon Valley Bank (SVB) and Signature Bank’s failures accountable while ensuring Americans that their deposits are.
Blockchain News
‘Nobody left to bank crypto companies’ — Crypto Twitter Reacts
With the loss of two large crypto-friendly banks in a week, some in the crypto industry say crypto enterprises may have trouble finding.