USDC


Markets

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.

(Sandali Handagama/ CoinDesk)

Markets

Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months

USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021.

(Nikhilesh De/CoinDesk)

Policy

Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases

The projects will take part in the country’s central bank digital currency pilot, expected to wrap later this year.

Reserve Bank of Australia (Brook Mitchell/Getty Images)

Finance

BUSD Drama Sets Stage for Stablecoin Market Reshuffling

Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.

(Amol Tyagi/Unsplash)

Markets

Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry

Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.

(Antonio Masiello/Getty Images)

Markets

Flux Finance Launches Lending Token Collateralized by U.S. Treasurys

Flux Finance invests in Ondo’s Short-Term U.S. Government Bond Fund (OUSG) a tokenized version of a Blackrock Treasury Bond ETF.

The U.S. Treasury Department is seeking public comment on the role of cryptocurrencies in illicit finance, and its own response to this issue. (Nikhilesh De/CoinDesk)

Videos

Visa's Reported Crypto Push

Cointelegraph reports that payments giant Visa is looking into how to accept settlement payments from issuers in USDC starting on Ethereum. "The Hash" panel discusses Visa's latest crypto ambitions and the implications for mainstream adoption.

CoinDesk placeholder image

Tech

MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance

The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.

(Cleveland Trust Co/Modified by CoinDesk)

Policy

Circle CEO: US Stablecoin Legislation Is ‘Lowest-Hanging Fruit’

Jeremy Allaire believes Congress will concentrate on stablecoin regulation because of its straightforward nature and significant growth potential.

Jeremy Allaire at Davos. (CoinDesk TV)

Policy

Japan Plans to Allow Local Listing of 'Foreign' Stablecoins Such as USDT and USDC: Nikkei

The Financial Services Agency is seeking feedback on new stablecoin regulations set to take effect in 2023.

Japanese flag (Shutterstock)