Coinbase asks users to convert their USDT to USDC for free
Several stakeholders in the crypto community have questioned Coinbase's motive, with some describing the move as "desperate."
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Several stakeholders in the crypto community have questioned Coinbase's motive, with some describing the move as "desperate."
Oluwapelumi Adejumo 2 min read
Upbit has cautioned its users against investing in WAVES as its high volatility may result in unexpected losses for its investors.
Barclays Strategist Joseph Abate said that BlackRock's participation in the Fed's RRP program will give USDC indirect access to a risk-free central bank liability.
There has never been a bigger supply of stablecoins sitting on the sidelines of the market, showing untapped liquidity that's waiting to be deployed into large-cap coins like BTC and ETH.
Clemente said stablecoins use cases offer capital efficiency in crypto and givies access to USD to those without banking.
Circle canceled its plans to go public following the termination of the company’s SPAC merger with Concord Acquisition Corp. Both companies did not provide any reason for terminating the partnership.
Despite recently losing 1% of its USD peg, Tether has 60% of its entire supply held across various exchanges with Bitfinex holding the largest share.
Circle said despite $2.6 million outstanding in loans, its yield product is overcollateralized and secured by "robust collateral agreements."
Due to Bitcoin's price volatility issues, stablecoins have seen tremendous growth over the past few years and now account for more than $130 billion of the total crypto market.