Circle beginnt mit der Übertragung von USDC-Reserven in einen von Blackrock verwalteten Fonds, die Firma erwartet, dass sie nächstes Jahr „vollständig umgestellt“ wird

Laut der Kryptofirma Circle Internet Financial „vertieft“ das Unternehmen seine Partnerschaft mit dem weltgrößten Vermögensverwalter Blackrock. Circle gab bekannt, dass es begonnen hat, USDC-Reserven in einen von Blackrock verwalteten Fonds zu übertragen, der bei der US-Börsenaufsichtsbehörde (SEC) .

Timeline of Usd-coin

According to a tweet shared on the 3rd of November, Circle's (The issuer of the stablecoin USDC) cross-chain transfer protocol will go live on Ethereum and Avalanche by the end of this year. The cross-chain transfer protocol will effectively teleport USDC from one ecosystem to another, maximizing capital efficiency and streamlining the user experience.

BlackRock will manage a portion of USDC reserves through a new money market fund that will consist of cash and short-dated U.S. treasuries. The post Circle to put a portion of USDC reserves into new BlackRock fund appeared first on The Block.

Volatility is one of the distinguishing attributes of the crypto market that springs surprises in several observers. It creates a desirable environment for traders and investors in the crypto industry to advance with huge profits.

After last week's strong market rally, the cryptocurrency market has taken a bit of pause holding above the $1 trillion valuation. To understand what could be the market activity ahead, it will be crucial to spot the activity of stablecoins like USDT and USDC.

Since the Tornado Cash affair, Circle's USDC stablecoin's market valuation has fallen precipitously. The market capitalization of USD Coin (USDC), which fell from $53.3 billion to just under $43.9 billion during the previous month, has decreased by almost 20%.

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.

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.

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).