Just-In: Circle Mints 8.4 Billion USDC Within 7 Days, Why?

Circle, the payments technology company behind the digital stablecoin USDC, has revealed, in a blog post, that it has redeemed 6.7 billion USDC and further minted 8.4 billion USDC during the past week, with 99.3 billion USDC and 61.1 billion USDC minted and redeemed respectively during all of 2021. Circle prides itself at being transparent The post Just-In: Circle Mints 8.4 Billion USDC Within 7 Days, Why?

Timeline of Usd-coin

Investor concerns about Galaxy Digital (GLXY.TO) being subject to significant losses given its exposure to Terra's LUNA token are “clearly unwarranted,” BTIG equity research analyst Mark Palmer told clients in a note Thursday.

Early bird Circle CEO and founder Jeremy Allaire took to Twitter today to tout USDC, Circle's dollar-based stablecoin while throwing shade at competitor Tether (USDT) – a competing dollar-based stablecoin. USDC/USDT is the trade of the day.

Bittrex, a U.S.-headquartered virtual currency exchange, recently announced that it has added support for USD Coin (USDC) to its list of crypto trading pairs.” Traders will now have the ability “to trade against USDC along with other quote currencies currently available on the Bittrex exchange.

Since March 27, more than 21% of the fiat value of digital currencies has been chopped. While all crypto assets have lost around 0.8 percent in the previous 24 hours, bitcoin has lost 9.4 percent since last week, while Ethereum has lost 8.1 percent versus the US dollar in seven days. The stable coin UST …

The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy's fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show ethereum has dropped

Long-term interest rates for USDC, USDT, and Dai, for savers who want to earn maximum yield. The post Best Long-Term Stablecoin Interest Rates appeared first on Bitcoin Market Journal.

USD Coin Battles To Keep Its Place In the World of Stablecoins. USD Coin has scored a major landmark deal with Stripe and Twitter to act as a payment mechanism for content creators.

The funds will be borrowed from BlockTower Capital through Clearpool, which launched in March. The post Jane Street makes DeFi play with planned $25 million USDC loan appeared first on The Block.

Stripe, the global payments platform, is partnering with Twitter to enable payments with cryptocurrency. In a blog post on Friday, Stripe said they are introducing crypto payouts for Connect.