Tether vs. USD Coin on-chain data reveals two very different stablecoins
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.
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Multiple Exchanges Delist USDC and USDT on Solana
Numerous major exchanges are disabling deposits and/or withdrawals for Solana-based variants of the top two stablecoins, USDT and USDC. The wave of delistings follows Solana’s major price crash in the…
Circle Integrates Apple Pay for Existing Merchants
Circle – the issuer behind USDC – has announced that merchants supported by the company will now be able to accept Apple Pay. The integration will allow customers to check…
Major stablecoins destabilized as market volatility and redemptions surge
Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.
Stablecoin Giants Tether, Circle Disclose Financial Relationship With FTX, Alameda
Amid the chaotic meltdown, asset movement from Circle to FTX surfaced. It was also reported that Alameda could be the second-largest issuer of Tether. CEO of USDC issuer, Jeremy Allaire,…
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has…
Tether, Circle and Coinbase deny having exposure to FTX and Alameda
Coinbase CEO Brian Armstrong said that the recent FTX and Alameda debacle was a result of risky practices such as the misuse of user funds.
Circle Announces Euro Coin (EUROC) Expansion to Solana Blockchain
USDC issuer Circle announced plans to expand native support of its Euro-backed stablecoin – Euro Coin (EUROC) – to the Solana blockchain in the first half of 2023. Sheraz Shere,…
Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year
According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC…
Circle Starts Investing in BlackRock-Developed Reserve Fund
The issuer of the stablecoin USDC – Circle – announced investing in the Circle Reserve Fund to manage a portion of the USDC reserves. The SEC-registered fund was set up…
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