Circle’s USD Coin Redemption Outpacing Purchases Despite Recovery
Stablecoin issuer Circle is experiencing a significant redemption of its USD Coin (USDC). Customers redeemed $738.6 million on March 20, while the firm issued less...
Tag : Stablecoin
SEC takes Legal Action against Paxos over Binance Stablecoin
The Securities and Exchange Commission (SEC) is reportedly planning to file a lawsuit against Paxos Trust Company, a New York-based crypto asset trust firm, over...
Tether USD in 24,000 Brazilian ATMs from the 3rd of November
Tether, the largest stablecoin by market value, announced on Thursday that it would make its USDT cryptocurrency accessible at more than 24,000 ATMs in Brazil....
In the Wake of Bitcoin’s Drop Below $19,000, the Crypto Market Cap Surpasses $1 Trillion for the First Time
In continuation of a downward trend in cryptocurrencies, Bitcoin fell below $19,000 on Saturday. During the last 24 hours, bitcoin has declined more than 9%...
Peter Schiff Took A Dig at Terra Luna
Renowned Bitcoin critic Peter Schiff took a dig at Terra and tweeted that Terra USD is supposed to be a stablecoin that trades at parity...
USDC Issuer Circle to Raise $400 million
Circle Internet Financial announced on Tuesday that it had entered into a $400 million funding agreement with a number of asset managers, including BlackRock Inc.,...
Stablecoin USDC and BUSD Are Eating Into The Portion Of The Overall Industry Of Tether
As the general cryptographic money market keeps on extending with more client interest, stablecoin suppliers have been contending to acquire a significant piece of the...
Beginners Guide to TrueUSD Stablecoin
The digital currencies or cryptocurrencies have continued gaining popularity over the years. However, their adoption has not been widespread due to their volatility. The unpredictable...
BitPay Adds Support for BUSD Stablecoin to Launch Merchant Support
Crypto payments firm BitPay is adding support of Binance’s stablecoin BUSD, in order to enhance its crypto payment options. BitPay users will now be able...
Toronto Stock Exchange Lists the First Public Bitcoin Fund
According to the recent reports, Canadian asset management firm 3iQ has launched a public Bitcoin fund on the Toronto Stock Exchange (TSX). As many as...