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