MakerDAO confirms Merge threat to cut down USDC but there's more

ambcrypto.com

DeFi protocol, MakerDAO MKR, updated the risks it could face as a result of the Ethereum ETH Merge. Recall that the crypto lending project had initially highlighted some threats in August.

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Timeline of Maker, Usd-coin


Binance Stablecoin Hits $20B Market Cap Milestone, Exchange To Delist USDC Stablecoin Soon - Benzinga

The Binance Stablecoin (CRYPTO: BUSD) on Saturday surpassed the $20 billion market cap. In the overall crypto market, it stands at the sixth position and third among stablecoins by the market cap.


Coinbase Proposal Could See MakerDAO Earn $24M Annually - Crypto Daily

Coinbase has just submitted a proposal that could see MakerDAO earn $24 million annually if its community approves.  The proposal comes just days after Rune Christensen's big push to make the MakerDAO protocol reduce its reliance on USDC as collateral.


Circle CEO Comments On Binance's USDC Delisting - Crypto Daily

CEO Jeremy Allaire has addressed the speculations surrounding Binance's delisting of its USDC stablecoin, claiming it to be a good thing.  Speculations Around Binance's Decision When Binance announced that it was removing USDC from its spot trading pairs and other offerings, speculations arose about the exchange abandoning the stablecoin.

Usd-coinUSDC$0.999900

New Coinbase Proposal Would Boost This DeFi Protocol's Revenue By $24M Annually - Benzinga

U.S. crypto exchange Coinbase Global Inc (NASDAQ: COIN) has put out a new proposal that would increase Maker DAO's (CRYPTO: MKR) revenue by $24 million a year. What Happened: In a new governance proposal released on Tuesday, Coinbase proposed transferring 33% or $1.6 billion of USD Coin (CRYPTO: USDC) on MakerDao's Peg Stability Module (PSM) into Coinbase's yield-bearing account.


Coinbase submits proposal that could earn MakerDAO $24M annually - CryptoSlate

Coinbase has submitted a proposal that could see MakerDAO (MKR) earn up to $24 million annually if passed. The post Coinbase submits proposal that could earn MakerDAO $24M annually appeared first on CryptoSlate.


Binance conversions will lead to more USDC flowing into the exchange: Circle CEO - The Block

Binance's move to automatically convert USDC and two other stablecoins may lead to more USDC flowing into the exchange, according to the CEO of Circle, which issues the coin.  “Binance is trying to consolidate dollar liquidity w cash equivalent stables. That's good for liquidity and market depth,” said Circle CEO Jeremy Allaire on Twitter.


Binance Will Keep Supporting USDC, Says Circle CEO - Bitcoinist

The largest crypto exchange Binance announced that it will be converting stablecoin USD Coin (USDC), Pax Dollar, and True USD into its native stablecoin BUSD. This sparked a debate in the crypto community as many started speculating about the reasons behind this measure.


Binance Boots Rivals' USDC Stablecoin as Crypto Trading Retrenches - PYMNTS

The stablecoin wars are heating up, and Circle and Coinbase's USDC could be in for a rough time. As the market shrinks, Binance, the world's largest cryptocurrency exchange, has fired a shot across the bow of the USDC stablecoin.


Binance To Delist USDC From Spot Trading Pairs - Crypto Daily

Binance has announced that it will be removing the USDC stablecoin from the platform's spot trading pairs list, along with two other stablecoins.  USDC, USDP, TUSD Delisted The other stablecoins being delisted along with USDC are USDP and TUSD.


Circle CEO says Binance decision to stop USDC support is good as it increases utility - CryptoSlate

Circle CEO Jeremy Allaire said Binance's decision to convert its users' USD Coin (USDC) holdings to its Binance USD (BUSD)stablecoin is good. The post Circle CEO says Binance decision to stop USDC support is good as it increases utility appeared first on CryptoSlate.

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