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MakerDAO, leading player in the decentralized finance sector, is facing liquidity risk in an uncertain market. The MakerDAO community is considering adding support for USDC, the cryptocurrency associated with Circle, as an alternative collateral to help bear this risk, according to a community thread on March 16. MakerDAO’s Foundation Dev
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Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US.The new listing took effect on Wednesday, March 4th, at 9:00 PM EST, allowing users easily convert to BUSD, according to a statement made on their official website.BUSD allowed for trading or holdingWith such a
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Cryptocurrency has gone through a lot of new developments over the past few months and today, cryptocurrency lending company BlockFi made a major new announcement. The company, which operates its own platform, announced today that it has added support for two more digital assets. Major Expansion The company announced that from now
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Crypto exchange Kraken has added stablecoin USD Coin (USDC) to its list of trading pairs. Touted as “the world’s fastest-growing stablecoin,” USDC saw listing today on crypto exchange Kraken, per a press release provided to CryptoX on Jan. 8. USDC developed by Circle and CoinbasePayment company Circle, alongside crypto exchange powerhouse
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Kraken has listed the USD Coin, which it described as the "world's fastest-growing stablecoin," the day after rival Binance removed it from its platform because of low trading volume. Kraken said deposits and trading would go live Wednesday for USDC trading pairs with bitcoin, ether and tether, as well as
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Crypto lending startup BlockFi now supports litecoin and dollar-backed stablecoin USD Coin (USDC) on its platform, enabling users to earn interest on, trade and receive loans backed by the assets.The initial annual percentage yield on the assets will be 8.6 percent for USDC and 3.78 percent for litecoin. In 2020, the
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The crypto payment provider BitPay has enhanced its payment processing systems to include 3 more stablecoins which are Circle’s USD Coin (USDC)trade, Gemini Dollar (GUSD), and Paxos Standard Token (PAX). Tether (USDT), the most popular stablecoin by huge margins (and occasionally even the most traded cryptocurrency by volume), is still
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Global financial services company Circle announced that Bermuda became the first government to accept its stablecoin USD Coin (USDC) for tax payments.Part of a broader government initiative to embrace stablecoinsAccording to a press release shared with CryptoX on Oct. 16, this development is part of a broader initiative, which
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