Circle reveals cooperation in ongoing SEC investigation
Circle has published filings revealing it is cooperating with a subpoena from the SEC that it received in July.
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USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months
As of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen…
Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months
Recently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the…
Treasury plots stablecoin crackdown even as Tether’s dominance wanes
While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively.
Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion
On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681…
Does Evergrande’s $300B debt crisis pose systemic risk to the crypto industry?
As onlookers predict that top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risks to crypto.
Centre Consortium Working to Create ‘Global Network’ of Stablecoins
Centre, the consortium created by Circle and Coinbase around USD coin (USDC), has assembled a team of new executives to power its expansion overseas. The new team, comprising six new…
USDC to consolidate reserves into cash and US treasuries
Coinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September.
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