All you need to know about USDC's new protocol that developers and users are excited about

Cross-chain bridges accounted for the loss of billions of dollars from crypto hacks in 2022. Circle's USDC new protocol is a workaround on cross-chain bridges that is cheaper and more efficient.

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Timeline of Usd-coin

Circle Taps Deloitte as New Auditor, Doubles Down on Proof of Reserves  - Blockworks

Circle, who for years partnered with firm Grant Thornton for its audits, makes the switch to Deloitte as various accounting firms express concern over working with crypto companies

Circle: USDC stablecoin is always 1:1 redeemable for US dollars - CryptoSlate

In a recent report on the state of the USDC economy, Circle devoted a section on the stablecoin “always” being 1:1 redeemable for United States dollars. The post Circle: USDC stablecoin is always 1:1 redeemable for US dollars appeared first on CryptoSlate.

Davos 2023 New regulatory definitions needed for digital assets -Circle CEO - Reuters

Major markets such as the United States need new statutory definitions of digital assets to provide regulatory clarity for the sector, Jeremy Allaire, CEO of USDC stablecoin issuer Circle said on Monday.


Wormhole attackers transfer $2.9m USDC to a new wallet address months after hack - Crypto news

Wormhole network exploiters have transferred $2.9 million USDC to a new Ethereum wallet based on a report by crypto security site, Mistrack. Over 120,000 ETH were previously stolen from Wormhole.

Nearly 65% of USDC reserves are held as US Treasury Bills - CryptoSlate

According to Circle's most recent reserve report, around 65% of all USD Coin (USDC) reserves are held as US treasury bills. The post Nearly 65% of USDC reserves are held as US Treasury Bills appeared first on CryptoSlate.

The Circle Reserve Fund Managed By BlackRock Has $12.79 Billion Invested In  - Coincu

Key Points: According to Circle's most recent attestation report, 30% of USDC's reserves – or $12.79 billion – are invested in its government money market fund, the Circle Reserve Fund, managed by BlackRock.

Binance Addresses Mazars Saga, USDC Withdrawal Halt and Other ‘FUD' Amid Heightened Crypto Exchange Scrutiny - The Daily Hodl

Binance is addressing the fear, uncertainty and doubt (FUD) centered around crypto exchange platforms after the high-profile downfall of FTX. In a new company blog post, the world's largest digital asset exchange by volume explains why some of the common narratives about it being financially unhealthy are untrue.

Cash-Based Humanitarian Assistance System for People in Ukraine, Powered by Stellar Network, Circle's USDC, MoneyGram - CrowdFundInsider

MoneyGram (NASDAQ: MGI) is pleased to support our partners at the Stellar Development Foundation (SDF) on the launch of Stellar Aid Assist, which is described as “a first-of-its-kind blockchain-powered aid disbursement system that delivers relief funds quickly, affordably and efficiently to individuals in crisis.

UN to Send USDC to Displaced Ukrainians via Stellar ($XLM) Network - CryptoGlobe

The United Nations refugee agency, the Office of the U.N. High Commissioner for Refugees (UNHCR), is set to start aiding displaced Ukrainians through the USDC stablecoin via digital wallets running on the Stellar ($XLM) network.

Why Stellar [XLM] chose USDC to power its new aid initiative? - AMBCrypto

On 15 December, the Stellar Development Foundation announced its partnership with the United Nations High Commissioner for Refugees (UNHCR) to provide Ukrainian refugees with cash assistance in the form of USD Coin (USDC) on the Stellar network.