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Circle clears ‘substantially all’ minting and redemption backlog for USDC
March 15, 2023The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC...
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KuCoin leads $10M funding for Chinese yuan stablecoin issuer
March 14, 2023Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin...
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Debtors saved over $100M using de-pegged stablecoins to repay loans
March 13, 2023Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and...
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FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
March 13, 2023The controversial founder of Terraform Labs, Do Kwon, is at the center of the investigation, despite...
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Price analysis 3/13: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
March 12, 2023The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins,...
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Do Kwon had the right idea, banks are risk to fiat-backed stablecoins — CZ
March 11, 2023Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the...
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Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
March 11, 2023Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
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Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
March 10, 2023According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning...
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ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch
March 10, 2023Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous...
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Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
March 10, 2023Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S....
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