USDC

Coinbase says it is "temporarily pausing" conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle's SVB exposure (Bloomberg)

March 11, 2023

[ad_1] Bloomberg: Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90…

Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to participate in the USDC gift distribution to make up for negative market sentiment (Frank Chaparro/The Block)

March 11, 2023

[ad_1] Frank Chaparro / The Block: Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to…

Banking

USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses

March 11, 2023

[ad_1] The cryptocurrency crisis went into high gear early Saturday as Silicon Valley Bank’s (SVB) failure caused some of the…

Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto

March 11, 2023

[ad_1] Join the most important conversation in crypto and web3! Secure your seat today Coinbase (COIN) hit the brakes on…

Circle's USDC sees $1B in net redemptions since SVB's shutdown and is slightly depegged, after Circle said SVB is one of six banks managing USDC cash reserves (Krisztian Sandor/CoinDesk)

March 11, 2023

[ad_1] Krisztian Sandor / CoinDesk: Circle’s USDC sees $1B in net redemptions since SVB’s shutdown and is slightly depegged, after…

UNHCR, the UN refugee agency, launches a Stellar blockchain-based aid program to distribute USDC as aid to internally displaced Ukrainians via Vibrant wallets (Marco Quiroz-Gutierrez/Fortune)

December 15, 2022

[ad_1] Marco Quiroz-Gutierrez / Fortune: UNHCR, the UN refugee agency, launches a Stellar blockchain-based aid program to distribute USDC as…

Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can "withdraw any other stablecoin"; Nansen shows $1.6B in ETH outflows in 24 hours (Adam James/The Block)

December 13, 2022

[ad_1] Adam James / The Block: Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can “withdraw…

USDC stablecoin developer Circle ends its planned SPAC merger with Concord Acquisition Corp., announced in July 2021, by mutual agreement (Parikshit Mishra/CoinDesk)

December 5, 2022

[ad_1] Parikshit Mishra / CoinDesk: USDC stablecoin developer Circle ends its planned SPAC merger with Concord Acquisition Corp., announced in…

Binance shares addresses for its wallets and details its holdings: 475K BTC, 4.8M ETH, 17.6B USDT, 21.7B BUSD, 601M USDC, 58M BNB, and a $1B SAFU fund (Callan Quinn/The Block)

November 10, 2022

[ad_1] Callan Quinn / The Block: Binance shares addresses for its wallets and details its holdings: 475K BTC, 4.8M ETH,…

Nansen: over the past 24 hours, around $1B in ether, $950M in USDC, $400M in tether, and $195M in BUSD have been withdrawn from exchanges (Adam James/The Block)

November 9, 2022

[ad_1] Adam James / The Block: Nansen: over the past 24 hours, around $1B in ether, $950M in USDC, $400M…