Circle's USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here's Why

Circle's USD Coin (USDC) market cap continues to tumble below $50 billion as whales lose confidence in the stablecoin and exchanges delist USDC amid censorship risks. After the Terra-LUNA crisis and liquidity crisis, some believed the USDC stablecoin will dethrone Tether (USDT).

Timeline of Usd-coin

As one of the world's fastest-growing crypto exchanges, Bybit has announced its new partnership with Genesis Volatility, a crypto options analytics platform, in order to accelerate the growth of Bybit's new USDC-settled options contracts, which currently include BTC, ETH, and SOL contracts.

FV Bank, a digital/digital asset bank, has integrated USDC, Circle's dollar-based stablecoin. The new service enables account holders the ability to instantly convert USDC into US dollars at the moment of deposit.

Retail trading giant Robinhood just added top stablecoin USD Coin (USDC) to its list of supported digital assets as the platform sees reduced trading activities due to the crypto winter. In a new announcement via Twitter, the company says that the second largest dollar-pegged stablecoin is now included in its trading roster, effective September 21st.

FV Bank and Circle announced an integration enabling USDC deposits into customers' bank accounts. The post FV Bank and Circle announce integration for USDC deposits appeared first on The Block.

Robinhood has announced that it has listed the market's second-largest stablecoin, USDC, on its trading platform.  Robinhood's First Stablecoin Earlier today, Robinhood announced that it had adopted the first stablecoin into its trading platform - USD Coin (USDC).

After top crypto exchange Binance announced plans to soon end support for USDC transactions, the stablecoin made a big move. Circle, the company behind the second largest stablecoin, has now joined hands with investment platform Robinhood.

Robinhood, a renowned stock and cryptocurrency brokerage, listed the second-ranking stablecoin in terms of market capitalization-USDC earlier today as part of the digital assets currently listed on the brokerage.

Online brokerage platform Robinhood Markets Inc (NASDAQ: HOOD) announced on Tuesday the listing of the second-largest stablecoin by market capitalization, USD Coin (CRYPTO: USDC), on its platform. Robinhood also began listing Cardano's native cryptocurrency (CRYPTO: ADA) on Sept.

WazirX, which is the largest crypto trading platform in India, has followed suit in Binance's footsteps and removed the USDC stablecoin from its listings.  USDC To Be Exchanged For BUSD India's leading crypto platform is mirroring the world's largest crypto exchange in removing the USD Coin from its listings.

WazirX, India's largest cryptocurrency exchange by transaction volume, said that it will no longer accept deposits of the stablecoins USDC, USDP, and TUSD and will convert users' existing balances to Binance's USD-backed stablecoin BUSD at a 1:1 ratio. WazirX will start auto-conversion on or before October 5 and may alter the list of stablecoins eligible