Tag: USDC

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Blockchain

USDC Holders Panic Sell Amid Solvency Concerns

USD Coin (USDC), a popular stablecoin pegged to the U.S. dollar, has been facing solvency concerns since March 10, leading several holders to...
Bitcoin

100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank

The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the...
XDai Chain

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement – Bitcoin News

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m....
Blockchain

Circle Plans to Cover USDC Shortfall After SVB Shutdown

Circle, the issuer of the stablecoin USD Coin (USDC), has been forced to take action to cover a significant shortfall in its reserves...
NFT

BTC, USDC Soar After Government Promises to Rescue All Silicon Valley Bank Depositors

The U.S. government’s biggest financial regulators released a joint statement on Sunday promising to save every last depositor at Silicon Valley Bank (SVB)...
Altcoin News

Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data

Crypto exchange Huobi converted $100 million worth of USD Coin (USDC) to Dai (DAI) as uncertainty spread in the stablecoin market this weekend,...
Scam News

Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging

Meanwhile, Binance is not alone in considering a move into traditional finance; Kraken has also stated its intention to open a bank.Read more:...
XDai Chain

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident – Market Updates Bitcoin News

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized...
XDai Chain

Is Circle’s USDC Stablecoin Crisis a Blessing in Disguise for Bitcoin?

Alex Dovbnya The recent crisis surrounding Circle's USD Coin (USDC) stablecoin may have inadvertently boosted Bitcoin, as people are turning to it to achieve...
XDai Chain

USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer...
Polygon Chain

USDC Recovers to $0.95, Bitcoin Reclaims the $20K Mark (Weekend Watch)

The past 24 hours saw the cryptocurrency market take a bit of a breather as it managed to recover around $16 billion in...
XDai Chain

USDC Holder Forks Over $2 Million For $0.05 USDT In Desperate Move To Evade Crypto Crash

Every crypto investor’s nightmare starts when a sudden change in the industry leads to panic and massive selloffs. The effect of these two...
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