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A growing crop of projects on Hedera will receive a shot in the arm from the addition of USDC, Higdon said in an interview with CryptoX, namechecking Third Act, a non-fungible token (NFT) marketplace for the theatre community; the MyHbarWallet, with payments in mind; and Hex Trust, the institution-focused cryptocurrency
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Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, USD Coin (USDC) and convert directly to and from fiat. Per a 6 Oct. announcement, MoneyGram has integrated support allowing crypto wallets connected to the Stellar Network to
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“The process worked,” said Holmes in an interview. “The challenge was we were trying to create an FX market in a different world. It really needed a lot more time to bring that to life and make it work. The other challenge was that because we were trading XRP, that,
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Circle, a key supporter of the USDC stablecoin, said in regulatory filings that it received an “investigative subpoena” from the SEC’s Enforcement Division in July 2021. That subpoena requests “documents and information regarding certain of our holdings, customer programs, and operations,” the filing said. Source
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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 its capitalization increase a great deal, rising more than $10 billion in 125 days. Since May, USDC’s Market Cap Increased by
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Plaid connects to banks around the world so that other fintechs don’t have to, and the company is connected to several companies in the crypto ecosystem, ranging from the U.S.’s largest crypto exchange, Coinbase, to decentralized finance (DeFi) startups like Dharma, the Uniswap-friendly DeFi wallet. Original Source
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Coinbase president and COO, Emilie Choi, has announced that the reserves backing the stablecoin USD Coin (USDC) will be consolidated into cash and U.S. government treasuries.An Aug. 22 blog post from CENTRE Consortium, the entity that was collaboratively established by top U.S. crypto exchange Coinbase and blockchain financial services company
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Center has announced via a blog post on August 22, 2021, that the financial instruments in its USD Coin (USDC) stablecoin reserves have been shrunk down to only the fiat dollar and United States Treasury Bills. Circle Center Shrinks Reserve Holdings Barely three months after Circle announced the expansion of its USDC
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USD Coin (USDC), Circle’s dollar-pegged stablecoin, seemingly lost one of its biggest competitive advantages over its rival, Tether (USDT). Major crypto exchange Coinbase made an important change on the USD Coin page on its website following an audit which revealed that not all of USDC’s reserves were held in cash. This
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In an announcement made by Circle on Monday, the organization reveals that it is planning to expand its work scale by evolving into a full reserve national commercial bank.In a recent change of events, Circle which is a digital currency platform hosting stablecoins now intends to evolve and work as
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