Circle to put a portion of USDC reserves into new BlackRock fund

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.

Timeline of Usd-coin

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).

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.