USD Coin

Circle partners with Nubank to offer USDC services in Brazil

Stablecoin issuer Circle has teamed up with fintech firm Nubank to make USDC more accessible to Brazilian clients.

OKX to delist 26 spot trading pairs

OKX has announced its plans to remove 26 spot trading pairs from its platform by November 10, citing that the flagged trading pairs no longer meet its listing criteria.

Kraken to launch stock and ETF trading services in 2024

Kraken reportedly plans to add trading services for US-listed stocks and exchange-traded funds in 2024.

Circle issues USDC on Polkadot network

Stablecoin issuer Circle has launched USD Coin on the Polkadot Asset Hub, allowing users to access their USDC holdings on DOT parachains via the XCM protocol.

Base to add native support for stablecoin USDC

Stablecoin issuer Circle announced its plans to launch USD Coin on Base, Coinbase’s layer-2 network.

Circle releases programmable Web3 wallets in public beta

Stablecoin issuer Circle has launched the beta version of its programmable Web3 wallets on the Ethereum, Polygon, and Avalanche blockchains.

Circle CEO says yuan-backed stablecoins offer more benefits than CBDCs

In a recent interview, Circle CEO Jeremy Allaire claimed that stablecoins pegged to the Chinese Yuan are better at facilitating cross-country trades than Central Bank Digital Currencies (CBDCs).

Circle drops US Treasury bonds from USDC Reserve Fund

Circle has ditched US Treasury bonds from its USDC reserves to protect the stablecoin from the ongoing US debt ceiling crisis.

OKX sends $57M worth of USDT and MASK tokens to Alameda Research

OKX transferred over $57M worth of assets to crypto wallets controlled by the Alameda Research-FTX bankruptcy estate.

Coinbase establishes international crypto derivatives trading platform

Coinbase launched an overseas derivatives exchange in Bermuda after securing a Class F license from Bermuda Monetary Authority.

Aave community considers expansion to Starknet and BNB Chain

The Aave community intends to approve two proposals on deploying Version 3 of the Aave protocol on Binance’s BNB Chain and Starknet, a zk-rollup.

BUSD records $500M outflows following CFTC’s crackdown on Binance

BUSD’s net outflows exceeded $500M after the CFTC filed a lawsuit against Binance.

Tether CTO expects $700M profit by the end of Q1 2023

Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.

Coinbase to cease support for Signet

Coinbase announced its plans to drop support for Signet, the digital payments platform of the failed Signature Bank.

FTX wallets transfer $145M in stablecoins to crypto exchanges

Three crypto wallets belonging to FTX and Alameda Research have transferred $145M worth of Tether and USD Coin tokens to crypto exchanges.

Circle appoints Cross River Bank as commercial banking partner

Stablecoin issuer Circle has chosen Cross River Bank as its banking partner after the collapse of Silicon Valley Bank.

Aave sets stablecoins’ LTV to zero on Avalanche V3

Aave has set the LTV of certain stablecoins on Avalanche V3 to zero to reduce the volatility risks caused by USDC’s price drop.

Binance and Coinbase halt USDC conversions

Crypto exchanges Binance and Coinbase have paused USDC conversions as the stablecoin fails to regain its USD peg.

BlockFi holds uninsured funds worth $227M in Silicon Valley Bank

A recent court filing revealed that BlockFi holds $227M worth of non-FDIC insured funds in an MMMF with Silicon Valley Bank

Binance updates Proof-of-Reserves system to add 11 new tokens

Binance has upgraded its Proof-of-Reserves system to allow users to verify their assets for 11 new tokens. This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.

Binance CEO denies severing ties with US business partners

Binance CEO Changpeng Zhao dismissed reports about the exchange ending relationships with US business partners due to pressure from regulators.

Celsius debtors unveil NovaWulf-sponsored sale plan

Celsius’ debtors have released a sale plan that outlines their strategy to compensate the bankrupt crypto lender’s clients. The proposed sale plan will be sponsored by investment firm NovaWulf Digital Management.

Binance and Huobi freeze $1.4M worth of stolen crypto assets

Binance and Huobi have frozen $1.4M worth of crypto assets stolen by North Korean hacking group, Lazarus. The exchanges were able to suspend the accounts linked to Lazarus thanks to the findings of Elliptic.

Binance CEO says crypto industry may switch to non-USD stablecoins

Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.

Paxos under investigation by New York regulator

Stablecoin issuer Paxos is being probed by the New York Department of Financial Services.

Alameda seeks to recover $446M from Voyager

Alameda Research filed a complaint against Voyager Digital to recover $446M worth of crypto assets from the bankrupt lender.

Crypto.com To Delist USDT For Canadian Users In Compliance With OSC’s Instructions

Crypto.com announced its plans to delist Tether (USDT) and suspend Tether-related transactions for its Canadian user base on January 31, 2023.

Juno Advises Users To Withdraw Assets Following Issues With Custodian

Juno has asked clients to withdraw their assets from its platform after facing issues with its current custody partner, Wyre.

Aave DAO Approves Proposal To Implement Chainlink’s Proof-Of-Reserves On Avalanche

The Aave DAO has voted in favor of using Chainlink’s Proof-Of-Reserves to secure bridged assets on Avalanche.

Paxful Delists Ethereum From Platform Due To “Integrity” Issues

Paxful removed Ethereum from its platform due to integrity issues caused by Ethereum's transition to a Proof-of-Stake model.

Binance Users Withdrew $1.9B Worth Of Crypto In 24 Hours

Binance's clients withdrew over $1.9B from the exchange in the last 24 hours. The $1.9B figure marks the highest volume withdrawn from Binance within a day since June. 

Coinbase Encourages Users To Switch To USDC By Waiving USDT To USDC Conversion Fees

Coinbase asked clients to switch to USDC by introducing zero-fee Tether (USDT) to USD Coin (USDC) conversion.

Maple Finance Severs Ties With Orthogonal Trading Due To $36M Loan Default

Maple Finance has cut ties with Orthogonal trading due to its $36 million default loan. The lending firm expressed disappointment in Orthogonal, citing its misrepresentation of financial position as a violation of agreements.

Alameda Research Withdrew $204M From FTX US Before Filing For Bankruptcy

Arkham Intelligence reported Alameda Research pulled out crypto assets worth $204M from FTX US before filing for Chapter 11 bankruptcy on November 11.

TRON Founder Claims Poloniex May Merge With Huobi In The Future

Justin Sun, the founder of TRON (TRX), revealed there is a possibility of crypto exchanges Poloniex and Huobi merging in the future.

Bitcoin Sees Record Increase In Number Of Holders Who Use Self-Custody Wallets

A recent report published by Glassnode revealed that the number of Bitcoin (BTC) users who have stored their BTC assets in self-custody wallets has hit an all-time high.

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

About $1B Worth of Unstaked Solana To Hit The Market In Less Than 24 Hours

Solana’s troubles intensify as about $1 billion worth of unstaked tokens is set to hit the market in less than 24 hours. There is a high selloff probability by validators, resulting in a major price decline.

Circle CEO Dispels Uncertainty Over Material Exposure To FTX

Jeremy Allaire compared FTX's liquidity crunch to the Lehman Brothers crisis and reassured investors that Circle does not have any exposure to FTX or Alameda Research.

Credix Partners with Lender Clave to Open a $150M Stablecoin Credit Pool

Decentralized credit marketplace, Credix Finance, is partnering with digital lender, Clave, to bring debt capital markets on-chain with the launch of a $150M stablecoin credit pool. The credit facility will open in 2023.‍

Decline in Stablecoins’ Market Cap: Here’s What We Know

Several stablecoins have recently seen their market capitalization drop by a few billion. This may be due to various factors. But here’s what we know about the downtrend.

Binance’s Stablecoin Hits All-Time High Market Share Of 15.48%

BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.

Voyager Requests Creditors To Vote In Favor Of FTX’s $1.42B Sale Plan

Voyager Digital urged its creditors to support FTX US’ sale agreement to purchase the bankrupt lender’s assets.

Coinbase Adds Zero-Commission USDC Trading Outside The US

Coinbase implemented a commission-free USDC trading service for non-USD currencies to encourage wider adoption of USDC.

Prime Trust Agrees To Return $17M To Celsius

Prime Trust has agreed to transfer $17M worth of crypto assets to Celsius.

Ledn Co-Founder Claims The Future Looks Bright For The Bitcoin Lending Industry

Mauricio Di Bartolomeo, Co-Founder and Chief Strategy Officer of Ledn, expressed his opinions on the future of crypto lending and claimed that the lending industry is maturing.

Celsius’s Top 3 Executives Withdrew $56M Before Company’s Bankruptcy

A new court record reveals that the top three executives of the now defunct crypto lending platform, Celsius, withdrew about $56.2 million before the company halted withdrawals and filed for bankruptcy.

CoinFlex Submits Restructuring Proposal

CoinFlex announced a restructuring plan wherein creditors will own 65% of the company. The voting on this proposal will take place over the next week.

WazirX Joins Binance To Delist USDC And Other Stablecoins

WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.

Binance To Stop Supporting USDC And Other Stablecoins By September 29

In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.

Latest News

Circle releases programmable Web3 wallets in public beta

Stablecoin issuer Circle has launched the beta version of its programmable Web3 wallets on the Ethereum, Polygon, and Avalanche blockchains.

Circle CEO says yuan-backed stablecoins offer more benefits than CBDCs

In a recent interview, Circle CEO Jeremy Allaire claimed that stablecoins pegged to the Chinese Yuan are better at facilitating cross-country trades than Central Bank Digital Currencies (CBDCs).

Circle drops US Treasury bonds from USDC Reserve Fund

Circle has ditched US Treasury bonds from its USDC reserves to protect the stablecoin from the ongoing US debt ceiling crisis.

OKX sends $57M worth of USDT and MASK tokens to Alameda Research

OKX transferred over $57M worth of assets to crypto wallets controlled by the Alameda Research-FTX bankruptcy estate.

Coinbase establishes international crypto derivatives trading platform

Coinbase launched an overseas derivatives exchange in Bermuda after securing a Class F license from Bermuda Monetary Authority.

Aave community considers expansion to Starknet and BNB Chain

The Aave community intends to approve two proposals on deploying Version 3 of the Aave protocol on Binance’s BNB Chain and Starknet, a zk-rollup.

BUSD records $500M outflows following CFTC’s crackdown on Binance

BUSD’s net outflows exceeded $500M after the CFTC filed a lawsuit against Binance.

Tether CTO expects $700M profit by the end of Q1 2023

Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.

Coinbase to cease support for Signet

Coinbase announced its plans to drop support for Signet, the digital payments platform of the failed Signature Bank.

FTX wallets transfer $145M in stablecoins to crypto exchanges

Three crypto wallets belonging to FTX and Alameda Research have transferred $145M worth of Tether and USD Coin tokens to crypto exchanges.

Circle appoints Cross River Bank as commercial banking partner

Stablecoin issuer Circle has chosen Cross River Bank as its banking partner after the collapse of Silicon Valley Bank.

Aave sets stablecoins’ LTV to zero on Avalanche V3

Aave has set the LTV of certain stablecoins on Avalanche V3 to zero to reduce the volatility risks caused by USDC’s price drop.

Binance and Coinbase halt USDC conversions

Crypto exchanges Binance and Coinbase have paused USDC conversions as the stablecoin fails to regain its USD peg.

BlockFi holds uninsured funds worth $227M in Silicon Valley Bank

A recent court filing revealed that BlockFi holds $227M worth of non-FDIC insured funds in an MMMF with Silicon Valley Bank

Binance updates Proof-of-Reserves system to add 11 new tokens

Binance has upgraded its Proof-of-Reserves system to allow users to verify their assets for 11 new tokens. This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.

Binance CEO denies severing ties with US business partners

Binance CEO Changpeng Zhao dismissed reports about the exchange ending relationships with US business partners due to pressure from regulators.

Celsius debtors unveil NovaWulf-sponsored sale plan

Celsius’ debtors have released a sale plan that outlines their strategy to compensate the bankrupt crypto lender’s clients. The proposed sale plan will be sponsored by investment firm NovaWulf Digital Management.

Binance and Huobi freeze $1.4M worth of stolen crypto assets

Binance and Huobi have frozen $1.4M worth of crypto assets stolen by North Korean hacking group, Lazarus. The exchanges were able to suspend the accounts linked to Lazarus thanks to the findings of Elliptic.

Binance CEO says crypto industry may switch to non-USD stablecoins

Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.

Paxos under investigation by New York regulator

Stablecoin issuer Paxos is being probed by the New York Department of Financial Services.

Alameda seeks to recover $446M from Voyager

Alameda Research filed a complaint against Voyager Digital to recover $446M worth of crypto assets from the bankrupt lender.

Crypto.com To Delist USDT For Canadian Users In Compliance With OSC’s Instructions

Crypto.com announced its plans to delist Tether (USDT) and suspend Tether-related transactions for its Canadian user base on January 31, 2023.

Juno Advises Users To Withdraw Assets Following Issues With Custodian

Juno has asked clients to withdraw their assets from its platform after facing issues with its current custody partner, Wyre.

Aave DAO Approves Proposal To Implement Chainlink’s Proof-Of-Reserves On Avalanche

The Aave DAO has voted in favor of using Chainlink’s Proof-Of-Reserves to secure bridged assets on Avalanche.

Paxful Delists Ethereum From Platform Due To “Integrity” Issues

Paxful removed Ethereum from its platform due to integrity issues caused by Ethereum's transition to a Proof-of-Stake model.

Binance Users Withdrew $1.9B Worth Of Crypto In 24 Hours

Binance's clients withdrew over $1.9B from the exchange in the last 24 hours. The $1.9B figure marks the highest volume withdrawn from Binance within a day since June. 

Coinbase Encourages Users To Switch To USDC By Waiving USDT To USDC Conversion Fees

Coinbase asked clients to switch to USDC by introducing zero-fee Tether (USDT) to USD Coin (USDC) conversion.

Maple Finance Severs Ties With Orthogonal Trading Due To $36M Loan Default

Maple Finance has cut ties with Orthogonal trading due to its $36 million default loan. The lending firm expressed disappointment in Orthogonal, citing its misrepresentation of financial position as a violation of agreements.

Alameda Research Withdrew $204M From FTX US Before Filing For Bankruptcy

Arkham Intelligence reported Alameda Research pulled out crypto assets worth $204M from FTX US before filing for Chapter 11 bankruptcy on November 11.

TRON Founder Claims Poloniex May Merge With Huobi In The Future

Justin Sun, the founder of TRON (TRX), revealed there is a possibility of crypto exchanges Poloniex and Huobi merging in the future.

Bitcoin Sees Record Increase In Number Of Holders Who Use Self-Custody Wallets

A recent report published by Glassnode revealed that the number of Bitcoin (BTC) users who have stored their BTC assets in self-custody wallets has hit an all-time high.

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

About $1B Worth of Unstaked Solana To Hit The Market In Less Than 24 Hours

Solana’s troubles intensify as about $1 billion worth of unstaked tokens is set to hit the market in less than 24 hours. There is a high selloff probability by validators, resulting in a major price decline.

Circle CEO Dispels Uncertainty Over Material Exposure To FTX

Jeremy Allaire compared FTX's liquidity crunch to the Lehman Brothers crisis and reassured investors that Circle does not have any exposure to FTX or Alameda Research.

Credix Partners with Lender Clave to Open a $150M Stablecoin Credit Pool

Decentralized credit marketplace, Credix Finance, is partnering with digital lender, Clave, to bring debt capital markets on-chain with the launch of a $150M stablecoin credit pool. The credit facility will open in 2023.‍

Decline in Stablecoins’ Market Cap: Here’s What We Know

Several stablecoins have recently seen their market capitalization drop by a few billion. This may be due to various factors. But here’s what we know about the downtrend.

Binance’s Stablecoin Hits All-Time High Market Share Of 15.48%

BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.

Voyager Requests Creditors To Vote In Favor Of FTX’s $1.42B Sale Plan

Voyager Digital urged its creditors to support FTX US’ sale agreement to purchase the bankrupt lender’s assets.

Coinbase Adds Zero-Commission USDC Trading Outside The US

Coinbase implemented a commission-free USDC trading service for non-USD currencies to encourage wider adoption of USDC.

Prime Trust Agrees To Return $17M To Celsius

Prime Trust has agreed to transfer $17M worth of crypto assets to Celsius.

Ledn Co-Founder Claims The Future Looks Bright For The Bitcoin Lending Industry

Mauricio Di Bartolomeo, Co-Founder and Chief Strategy Officer of Ledn, expressed his opinions on the future of crypto lending and claimed that the lending industry is maturing.

Celsius’s Top 3 Executives Withdrew $56M Before Company’s Bankruptcy

A new court record reveals that the top three executives of the now defunct crypto lending platform, Celsius, withdrew about $56.2 million before the company halted withdrawals and filed for bankruptcy.

CoinFlex Submits Restructuring Proposal

CoinFlex announced a restructuring plan wherein creditors will own 65% of the company. The voting on this proposal will take place over the next week.

WazirX Joins Binance To Delist USDC And Other Stablecoins

WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.

Binance To Stop Supporting USDC And Other Stablecoins By September 29

In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.