USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation. Source
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USDC
Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain – News Bitcoin News
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native
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Circle announces USDC launch for Cosmos via Noble network
USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle.We're excited to bring USDC to @Cosmos! USDC is expected to launch on @noble_xyz soon,
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NFTX DAO Eyes Treasury Rebalancing After USDC Wobbles
Token holders of NFTX, which bills itself as a liquidity protocol for non-fungible tokens (NFT), are weighing a proposal to diversify its treasury shortly after one of its investments, the USD coin (USDC) stablecoin, briefly lost its peg to the U.S. dollar. Original Source
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Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs
Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks!And
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MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan
MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote,
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Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed. Source
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Xapo Bank Integrates USDC Payment Rails
Asides from integrating a USDC payment rail, Xapo Bank recently partnered with Faster Payment System (FPS) to extend its global reach. Bitcoin custodian and privately licensed bank Xapo Bank is collaborating with Circle to use USDC payment rails as a SWIFT alternative. According to the bank, it has added rails to
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Xapo Bank to enable USDC deposits and withdrawals
Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to SWIFT. Payment rails refer to the infrastructure and technology used to facilitate the movement of funds between parties in a financial transaction. Payment rails come in many
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Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along’
At Paris Blockchain Week 2023, Tether chief technology officer Paolo Ardoino spoke with Cryptox reporter Joseph Hall to discuss topics such as USD Coin (USDC) breaking its dollar peg and how it highlights the importance of Bitcoin (BTC) and decentralization. Cryptox journalist Joseph Hall with Tether CTO Paolo Ardoino at Paris
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