USDC Milestone Highlights Stablecoin Growth
Circle’s USDC stablecoin reaches $16 trillion in total volume, with the Solana blockchain emerging as a key factor in its rapid expansion.
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KuCoin Brings USDC to Polkadot: A DeFi Milestone
KuCoin, a US-based crypto exchange, has introduced USDC deposits on the Polkadot network, marking a significant step in Polkadot’s DeFi ecosystem development and USDC’s multi-chain expansion.
Ronin Network Recovers Stolen Ethereum, Awaits USDC Return
The Ronin Network has successfully recovered $10 million worth of Ethereum stolen in a recent security breach, with USDC expected to be returned soon, highlighting the ongoing challenges and responses to crypto security issues.
Basel Committee Ruling Shakes Up Stablecoin Landscape
The Basel Committee’s amended Crypto Asset Standard favors permissioned stablecoins, potentially reshaping the market and drawing criticism from the crypto community for favoring traditional banks.
USDC Dominates Solana as Circle Injects Fresh Liquidity
Circle has minted nearly $1 billion in USDC on Solana over the past week, solidifying its position as the dominant stablecoin in the ecosystem and potentially signaling increased demand and liquidity.
USDC Surge Signals Potential Crypto Buying Trend
USDC deposits to centralized exchanges hit a one-year high, suggesting investors are positioning to buy cryptocurrencies at lower prices. This trend, along with other market indicators, points to potential growth opportunities in the crypto market.
Espresso Cash Enables Multi-Chain USDC Transactions
Espresso Cash now allows users to pay or request USDC stablecoin on various blockchain networks, not just Solana, bringing enhanced flexibility to USDC transactions within the DeFi space.
Circle Relocates from Ireland to the U.S.
Circle has confirmed plans to relocate its legal base from the Republic of Ireland to the United States, foregoing Ireland’s low corporate tax rates. This move is tied to Circle’s proposed initial public offering (IPO) plans, which were disclosed earlier this year.
Massive $1.3B USDC Transfer Fuels Bitcoin & Ethereum Buy Speculation
A massive $1.3 billion USD Coin (USDC) transfer from whale addresses to the Coinbase cryptocurrency exchange is being viewed by analysts as a potential “giant buy signal” for Bitcoin and Ethereum, sparking speculation of significant capital deployment into these leading cryptocurrencies.
Binance Fortifies User Protection Fund with USDC Conversion
Binance has announced the conversion of its Secure Asset Fund for Users (SAFU) into the USD Coin (USDC) stablecoin, a move aimed at enhancing the stability and security of its user protection fund during market volatility.