Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can “withdraw any other stablecoin”; Nansen shows $1.6B in ETH outflows in 24 hours
- Binance CEO Changpeng Zhao has addressed major USD Coin outflows. — Some $1.6 billion has been withdrawn …
After criticism, Centre, the consortium founded by Circle and Coinbase, says its stablecoin USDC will now back reserves with only cash and US treasuries
- Digital currency company Circle says it's changing the makeup of its dollar-pegged stablecoin USD Coin to just cash and U.S. Treasury bonds. Source: Centre Blog .
Circle, which says the value of its USDC stablecoins passed $26B+, has made info on its reserves more opaque in recent months, ahead of going public via SPAC
Siddharth Venkataramakrishnan / Financial Times : Tweets: @jessefelder , @adamsamson , @retheauditors , @retheauditors , @retheauditors , and @retheauditors Tweets: Jesse Felder / @jessefelder : “Why...
Visa says it will allow the use of cryptocurrency USD Coin to settle transactions on its payment network and has launched a pilot program with Crypto.com
Noor Zainab Hussain / Reuters :
Visa says it will allow the use of cryptocurrency USD Coin to settle transactions on its payment network and has launched a pilot program with Crypto.com
(Reuters) - Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network …
Circle launches USD Coin (USDC), its dollar-backed stablecoin first announced four months ago, initially available to partner institutions
Nikhilesh De / CoinDesk :
Circle launches USD Coin (USDC), its dollar-backed stablecoin first announced four months ago, initially available to partner institutions
Four months after first announcing the creation of a dollar-backed stablecoin, cryptocurrency finance firm Circle is releasing it to the world.
Circle raises another $110M in round led by Bitmain, pushing its valuation up to almost $3B, says it's launching USD Coin, a new product tied to US dollar value
Dan Frommer / Recode :