USDC
United Nations Taps Stellar Blockchain to Aid War-Impacted Ukrainians
The United Nations High Commissioner for Refugees (UNHCR) is working with Stellar Development Foundation to send USDC stablecoins across the Stellar blockchain to Ukrainians impacted by the ongoing Russian invasion. "The Hash" panel discusses the crypto for social good use case in times of conflict.
SBF's Alameda Research Secretly Funded Crypto Media Site 'The Block'; Crypto Contagion Concerns
Crypto media site The Block was secretly funded over the last two years by Sam Bankman-Fried’s Alameda Research, The Block confirmed on Friday. Bernstein reacted to Genesis’ extended withdrawal freeze, saying that saving Grayscale would cost a fortune for Digital Currency Group (DCG), which owns Genesis Trading, Grayscale and CoinDesk. Plus, details on Coinbase asking users to switch USDT for USDC and Bankman-Fried agreeing to testify before U.S. House Financial Committee.
Coinbase Waves Conversion Fees for Global Users to Switch USDT for USDC
Coinbase is waiving the conversion fees for users that wish to switch to a "trusted stablecoin" in a new campaign that highlights the quality of reserves that back Circle-owned USD Coin (USDC). "The Hash" panel discusses the potential reasons behind Coinbase's move.
Stablecoin Issuer Circle Scraps Plan to Go Public
Circle, the company behind stablecoin USDC, has terminated its agreement with special-purpose acquisition company Concord Acquisition Corp., thereby stepping back from its plan to go public. The stablecoin issuer had announced plans to go public in July 2021, with a valuation of $4.5 billion. The valuation was later doubled when the firms amended their terms in February. "The Hash" panel discusses what this means for the future of mainstream stablecoin adoption as crypto contagion continues to spread.
MakerDAO Founder on Community Rejecting CoinShares’ Proposal
MakerDAO founder Rune Christensen joins "First Mover" to discuss why the MakerDAO community rejected CoinShares' proposal to use up to $500 million in stablecoin USDC to invest in bonds with the crypto investment firm.
MakerDAO Community Rejects CoinShares Proposal to Invest up to $500M in Bonds
The MakerDAO community rejected a proposal to use up to $500 million in stablecoin USDC to invest in bonds with crypto investment firm CoinShares. MakerDAO founder Rune Christensen discusses the reason behind the rejection and his outlook for decentralized finance. Plus, details on the community’s voting on increasing DAI stablecoin rewards.
Coinbase CEO: USDC Could Become a ‘De Facto Central Bank Digital Currency’
Coinbase CEO Brian Armstrong predicts that USDC will likely "end up being kind of a de facto central bank digital currency in the U.S.," he said on the crypto exchange's earnings call. Needham & Co. Vice President John Todaro weighs in.
Coinbase Expects Crypto Headwinds to Continue Next Year
Crypto exchange Coinbase (COIN) cut its third-quarter losses by 50% to $545 million from $1.1 billion in the second quarter, the company reported Thursday. Needham & Co. Vice President John Todaro discusses the lingering macroeconomic and crypto headwinds. Plus, insights on Coinbase CEO Brian Armstrong’s USDC outlook.
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
Circle said on Wednesday that it plans to launch its USD coin (USDC) stablecoin – the second-largest dollar-backed stablecoin by market capitalization – natively on Cosmos in early 2023. Jelena Djuric, ecosystem lead at Cosmos Research, discusses what this means for the Cosmos ecosystem and decentralized finance.
