What is USD Coin (USDC), fiat-backed stablecoin explained
USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market.
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Stablecoin settlements can surpass all major card networks in 2023: Data
While on-chain stablecoins settlements are growing rapidly, many people pointed out that comparing stablecoin settlements to Visa transactions is not fair as they represent two different things.
Coinbase takes a shot at Tether, encourages users to switch to USDC
Coinbase’s request comes just a couple of months after Binance ceased support for USDC.
Drones, Fertility, and Defi — A Look at Alameda Research’s Massive $5.4 Billion Portfolio of Investments
Over the last few weeks, there’s been a lot of information revealed surrounding the recent FTX and Alameda Research disaster. On Dec. 6, the Financial Times (FT) published documentation that…
Circle Nixes SPAC Deal With Concord, Still Nurses Public Listing Ambition
Fintech company and USDC issuer Circle has terminated a business combination deal with special purpose acquisition company (SPAC) Concord Acquisition Corp., but it has not scrapped its plan to go…
USDC issuer Circle terminates SPAC merger with Concord
The deal previously valued Circle at $4.5 billion in July 2021 before an upwards revision to $9 billion in February 2022.
Don’t Forget the Importance of Censorship Resistance
Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that,…
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months
During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that…
Circle Warns About Scammers Baiting USDC Users
Circle, the firm behind USDC stablecoin, issued a warning about an active phishing campaign attempting to lure users into transferring tokens to malicious addresses. As per the tweet, the threat…
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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