BUSD Supply Crosses $20B, Cuts Into USDC Market Share

Binance USD (BUSD) market cap has been on the rise in the last 30 days thanks to its parent company's move to convert deposits of USDC, TUSD, and USDP into it for settlements on the exchange The post BUSD Supply Crosses $20B, Cuts Into USDC Market Share appeared first on BeInCrypto.

Timeline of Binance-usd, Usd-coin

Coinbase has announced commission-free trading for those who buy USDC with non-USD fiat currency in a bid to increase its use outside the United States. The post Coinbase Looking Outside the US To Grow USDC Stablecoin appeared first on BeInCrypto.

In a move to support the adoption of USDC, the Circle issued dollar-based stablecoin, Coinbase (NASDAQ:COIN) has waived commission fees when buying or selling USDC via any fiat currency on Coinbase, “from AUD to ZAR.

19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today's $44.93 billion. Statistics show that during the last three months, USDC's market valuation has dropped by more than 19%, shedding approximately $10.59 billion.

London, United Kingdom, 17th October, 2022, Chainwire Kinesis, the world's leading gold and silver-based monetary system, has listed the FIAT-based stablecoin, USD Coin (USDC) on the Kinesis Exchange.  USDC, is the fourth-largest cryptocurrency by market capitalization and the second-largest USD stablecoin in the cryptocurrency industry, with over 49 billion USDC tokens currently in circulation.

The crypto space attempted to rise high after a brief consolidation, but FOMC fear appears to have reinstalled strength within the bears. The global market capitalization has not changed significantly; it is still circling around $922 billion.

Stablecoins play a key role in the decentralized finance and broader cryptocurrency ecosystem, without a doubt. But the rivalry between USDT and USDC seems to have taken a different route.

Payments platform Wirex now supports the USD Coin (USDC) on the Stellar blockchain within the Wirex app and lets users save or spend USDC in real life. Support for USDC on Stellar is now available in the Wirex app using a crypto-enabled debit card, according to a press release on Tuesday (Oct. 11).

Payments Fintech Wirex says it has launched USDC (USD Coin) on the Stellar blockchain within its App. USDC is a dollar-based stablecoin issued by Circle and one of the most popular stablecoins in the world.

After losing $10 billion in three months, Circle's dollar-pegged stablecoin USD coin (USDC) is inching back following the coin's rise that benefitted from Terra's collapse in May and the subsequent fallout of the overall market.

Stablecoins enjoy the privilege of being one of the most traded types of cryptocurrencies by the virtue of their application. For a long time in recent past, a few major stablecoins enjoyed the pole position in the category.