Coinbase’s move on-chain will carve a path toward a future on-chain financial system, claimed Bankless podcast co-host David Hoffman. Coinbase will start moving more of its customer and corporate USD Coin (USDC) stablecoin accounts to Base — its Ethereum layer-2 blockchain launched a little over seven months ago. Coinbase vice president Max Branzburg posted to X on March 26…
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Key Points: Circle discontinues the support of USDC on TRON blockchain, halting USDC minting immediately. The transition period until February 2025 allows Circle Mint customers to transfer USDC or exchange for fiat. Circle has announced its decision to discontinue support for USDC on TRON blockchain, signaling a shift away from minting the stablecoin on this…
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Central issues: SBI Property and Circle accomplice to advance the utilization of stablecoins and other computerized resources in Japan. The organization will at first spotlight on circling USDC, a completely managed stablecoin that is fixed to the US dollar. The organizations will likewise team up to lay out a financial relationship and advance the utilization…
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Within a Single Month, USDC’s Market Cap Lost 23% Key Points: Since the beginning of the month, USDC’s market capitalization has decreased significantly. There were also declines in other stablecoins like BUSD. In recent times, USDT is the “most stable” stablecoin. With the instability related with the breakdown of crypto banks over the course of…
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50% of uninsured deposits, according to insiders, will be reimbursed by next week. Less than 72 hours after the failure of renowned American tech bank Silicon Valley Bank (SVB), relief efforts may already be under way, according to a post on March 11 by Bob Elliot, chief investment officer of Unlimited Funds. Elliot stated among…
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Key Points: 82 million USDC are transferred to DAI by Justin Sun’s address from Aave V2. The stablecoin’s price has dropped below $0.95 USD, marking the lowest level since it was launched in 2018. On March 11, a fresh transaction using USDC was discovered on the Justin Sun address, according to Paidun’s monitoring data. …
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