Stablecoins
Binance USDC withdrawals top $1 billion per day this week
Further analysis reveals stablecoin exchange withdrawals is a current industry-wide pattern.
Samuel Wan 1 min read
USDC
USDC news today
Insights into USDC adoption, stablecoin regulation, and integration across global financial systems.
USDC Price $1.00
Coverage footprint 0.8%
News sentiment 50 /100
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Stablecoins
USDT supply up almost $2B over 30 days, USDC supply falls after blocking Tornado Cash linked wallets
Coingecko data showed that USDT's supply rose by 2.6% in 30 days to $67 billion, while USDC declined 2.1% to $53 billion.
DAOs
MakerDAO founder proposes converting $3.5B USDC reserve to Ethereum
Buterin has called MakerDAO’s idea of converting its reserve into Ethereum a “risky and terrible idea.”
Latest USDC News & Analysis
Stablecoins
MakerDAO plans against sanctions from USDC exposure
With DAI collateralized by 33.9% USDC, MakerDAO is preparing for an emergency shutdown in the case of a sanction by US regulators.
Culture
Erik Voorhees urges MakerDAO community to exit USDC positions after Tornado Cash sanctions
Shapeshift CEO Erik Vorhees urged the MakerDAO community to unwind USDC collateral and move it to a stablecoin more "resistant" to censorship.
Privacy
Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC
Circle's USDC has "blacklisted" all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department's sanction against the protocol.
Analysis
Research: USDC on track to flip USDT by Q3 to become leading stablecoin
USDC is expected to have a bigger market cap than Tether in the coming months due to greater compliance and transparency efforts.
Stablecoins
Circle shuts down critics with on-going disclosures on USDC reserve assets
Following mounting criticisms, including claims of insolvency, Circle has committed to monthly disclosures on its reserve assets. The latest report shows an over-collateralization of $134 million.
Payments
Banking Circle adds USDC payments and fiat conversion
Banking Circle announced that it will allow payments in USDC as well as conversion of USDC to fiat currencies.
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Exchanges
CoinFLEX CEO claims “Bitcoin Jesus” defaulted on debt – owes $47M USDC
Stablecoins
Circle CEO fails to dismiss allegations USDC users can be blocked
Stablecoins
USDC Issuer Circle is launching Euro Coin (EUROC), a new Euro-backed stablecoin
Adoption
