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It is unclear how a euro-backed stablecoin issued under U.S. standards might be perceived by EU leaders, and how Circle is anticipating the EU’s pending legislation. A representative for Circle told CoinDesk the company will not comment publicly on conversations, or the existence of conversations, with U.S., EU, or other
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After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the
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Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets,
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Cross-border transfer service MoneyGram officially launched its stablecoin-powered payment channel on Friday, giving users the ability to send USD Coin (USDC) payments worldwide that can be withdrawn as cash by recipients. The service is being rolled out across several key remittance markets, including Canada, the United States, Kenya and the Philippines,
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The move will allow for swapping native USDC across eight other blockchain networks. Source
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“Traditionally, merchant payouts are limited to 9-5 on weekdays excluding public holidays and are further delayed through batch processing over several business days,” said Ran Goldi, Fireblocks vice president of payments. “Checkout.com’s weekend settlement means that merchants are no longer restricted by arbitrary settlement times.” Original Source
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None of these payments involve legal tender. Debit cards, credit cards, bank transfers, checks, mobile money, PayPal – not one of these is legal tender in the U.K. In England, only banknotes and coins are legal tender, and low-denomination coins are only legal tender for amounts up to 20 pence
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For example, DAI, the largest decentralized and overcollateralized stablecoin, is holding USDC instead of USDT in its treasury. DAI, the currency of the blockchain protocol MakerDAO, has a market capitalization of more than $6 billion and keeps its 1:1 exchange ratio to the U.S. dollar by amassing much more crypto
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The pseudonymous blockchain analyst zachxbt first reported the findings. One of the wallets, tagged “Sparkster: Wallet 5” on blockchain explorer Etherscan, saw some 2,599 ETH converted to USDC. The wallet was last active 1,371 days ago, or in August 2018. Source
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The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA
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