Category: USDC

Circle launches USDC stablecoin on Hedera network

Circle launches USDC stablecoin on Hedera network

Circle, the issuer of the USDC stablecoin, has expanded the coin’s support to the Hedera Hashgraph blockchain network. This makes USDC the first stablecoin available on Hedera. Launched in 2018, Hedera is a proof-of-stake blockchain network owned and governed by different organizations, including Google and IBM. These organizations run “permissioned” nodes on the network. Over […]

Continue Reading

Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors

Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors

On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized stablecoins have been moving in on these centralized competitors. Algorithmic or defi-styled […]

Continue Reading

Moneygram Partners With Stellar Development Foundation to Allow Users to Make Remittances With USD Coin

Moneygram Partners With Stellar Development Foundation to Allow Users to Make Remittances With USD Coin

Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will […]

Continue Reading

Ripple’s former partner announces exclusive collaboration with Rival Token

The digital P2P payments giant, MoneyGram International, Inc. announced a partnership with Ripple’s competitor, Stellar Development Foundation, a non-profit organization that supports the development of Stellar, an open-source public blockchain network facilitating cross-border transactions. Earlier this year, Ripple and MoneyGram wound down their partnership as MoneyGram suspended trading on Ripple’s platform in lieu of the […]

Continue Reading

MoneyGram looks to Stellar and USDC to enable local currency payouts

MoneyGram looks to Stellar and USDC to enable local currency payouts

Money transfer firm MoneyGram is partnering with the Stellar Development Foundation to enable crypto payouts in local currencies for users, according to a Wednesday announcement. The partnership will see MoneyGram utilize Circle’s USDC to settle payments and convert payouts to a user’s local currency. MoneyGram’s network will be integrated with the Stellar blockchain to settle […]

Continue Reading

USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months

USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months

As of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen its capitalization increase a great deal, rising more than $10 billion in 125 days. Since May, USDC’s Market Cap Increased by 54% In recent times, […]

Continue Reading

These Investor Advocates Groups Wants the SEC to Accelerate Crypto Crackdown

This week started with a bloodbath on Satoshi Street with Bitcoin and altcoins eroding investors’ wealth after rallying for past few weeks. Amid the strong volatility this month, a group of investors’ advocates wrote to the U.S. SEC on Monday, to amp up the crackdown on the crypto market. These groups include the Americans for […]

Continue Reading

Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months

Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months

Recently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the decentralized stablecoin DAI’s market capitalization has also swelled significantly as DAI’s market valuation jumped more than 800% during the last 12 months, increasing from $696 […]

Continue Reading

Treasury preps stablecoin framework as officials fear stability, redemption risks: report

Treasury preps stablecoin framework as officials fear stability, redemption risks: report

Citing anonymous sources, Bloomberg reports that a coming Treasury report on stablecoins will highlight risks like the inability to redeem stablecoins for their underlying assets and potential runs on crypto assets as major concerns.  The Treasury report on stablecoins is highly anticipated. Hitherto, stablecoin regulation in the U.S. has happened almost exclusively at the state […]

Continue Reading

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of […]

Continue Reading