USDC
Bitcoin Price Crossed $57K; Is Stablecoin USDC Making a Comeback?
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the rally in bitcoin (BTC) and ether (ETH) continues. Plus, insights on the increasing liquidity of Circle's USDC stablecoin.
USDC Issuer Circle Curbs Stablecoin Minting for Retail Users
USDC issuer Circle Internet Financial said Tuesday it is curbing service for individual accounts to mint stablecoins. "Circle is phasing out support for legacy consumer accounts and has notified individual consumers of this decision," a Circle spokesperson told CoinDesk in an email. "Account closures do not apply to business or institutional Circle Mint accounts."
[SPONSORED CONTENT] Lisa Nestor of Airtm discusses how they're using Stellar to power the digital dollar economy
Lisa Nestor, Chief Strategy Officer at Airtm, a digital dollar wallet and payment infrastructure, joins us in the studio to discuss how they’re enabling entrepreneurs and enterprises to easily earn, send and receive digital dollar payments. She explains Airtm’s use of the Stellar network and USDC to offer users worldwide access to digital dollars and her prediction for adoption of crypto-enabled financial services.
Circle Launches Native Version of USDC Stablecoin on Polkadot
Parity Technologies CFO Fahmi Syed discusses Circle launching the native version of USDC in the Polkadot ecosystem of parachains. EDITOR'S NOTE: Syed also responds to questions over Polkadot's developer metrics. The GitHub data cited in the interview refers to people actually contributing to the Polkadot repository itself. However, according to Santiment data, when tracking all projects built on Polkadot, it has the second-highest developer count after Ethereum.
Solana Foundation Strategy Head on Shopify Integration, Crypto Payments Outlook
Shopify customers can now pay in stablecoin USD Coin (USDC) via an integration with Solana Pay, the payment protocol on the Solana blockchain. Solana Foundation head of strategy Austin Federa discusses the partnership and USDC's benefits for merchants. Plus, what the future holds for crypto payment adoption and real-world use cases of the Solana ecosystem.
Coinbase Acquires Stake in Stablecoin Operator Circle
Cryptocurrency exchange Coinbase (COIN) is getting a minority stake in Circle Internet Financial and the stablecoin issuer is bringing issuance and governance of USDC completely in-house as the companies dissolve their Centre Consortium partnership. "The Hash" panel weighs in on Coinbase's recent moves in the crypto industry amid recent U.S. regulatory pressure.
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Circle's USDC stablecoin saw net outflows surpassing $10 billion since March 10 after the regulators shut down the firm's banking partner Silicon Valley Bank. Many of the investors who fled USDC switched to Tether's USDT stablecoin, driving the token to reach its largest market share in 22 months. "The Hash" panel weighs in on these developments.
Dante Disparte: Bank Failure, USDC And Contagion
The recent U.S. banks fallout is a stress test for both traditional finance and digital assets but to weather the storm side by side is a powerful opportunity, says Circle Chief Strategy Officer Dante Disparte. Dante Disparte, the chief strategy officer and head of global policy at Circle Internet Financial, has spoken out about the need for greater collaboration between the cryptocurrency industry and banks. Circle is the co-founder and issuer of USDC, a dollar-backed stablecoin with a market capitalization of US$39.5 billion. However, the stablecoin broke its dollar peg over the weekend after it was revealed that Circle held US$3.3 billion in reserve deposits at SVB. As a result, USDC fell to as low as US$0.8774 before gaining its dollar parity on Monday. Tune in to the latest episode of Word on the Block with Forkast Editor-in-Chief Angie Lau for more.
Stablecoins Explained: 3 Things You Need to Know
Stablecoins are meant to provide a predictable haven within the volatile world of cryptocurrency. Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell explains the use cases and risks you need to know about this type of cryptocurrency.
Stablecoin Outlook Following Silicon Valley Bank Failure
The Circle-issued USDC stablecoin regained its dollar peg, recovering from the Silicon Valley Bank-induced chaos over the weekend that saw its price plummet to $0.90 on major exchanges. Tastycrypto Head of Digital Assets Ryan Grace weighs in on the future of stablecoins and USDC volatility.
