Stablecoins
BUSD’s supply falls below $20B as USDC’s supply climbs above $45B
BUSD's supply is down after Binance faced unprecedented stablecoin withdrawals in a 24 hour time frame — the exchange remains unfazed.
Oluwapelumi Adejumo 1 min read
USDC
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Exchanges
Binance clarifies USDC withdrawals were due to token swap, replenishing hot wallet
Binance said USDC withdrawals were temporarily paused because the exchange was conducting a token swap involving the Circle-backed stablecoin.
Stablecoins
Coinbase asks users to convert their USDT to USDC for free
Several stakeholders in the crypto community have questioned Coinbase's motive, with some describing the move as "desperate."
Latest USDC News & Analysis
Stablecoins
USDC could get access to Fed’s RRP via BlackRock partnership
Barclays Strategist Joseph Abate said that BlackRock's participation in the Fed's RRP program will give USDC indirect access to a risk-free central bank liability.
Stablecoins
Coinbase to custody up to $1.6B USDC for MakerDAO
MakerDAO will earn approximately $24 million from Coinbase Prime's 1.5% rewards.
Adoption
USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens
Cross-chain swaps can now be routed through USDC and transferred via CCTP to a new chain without the need for a traditional web3 bridge
Exchanges
Largest Indian exchange WazirX to delist USDC spot pairs, Sept. 26
India's WazirX, following the footsteps of the exchange giant Binance, said it will de-list USDC, USDP and TUSD on Sept. 26.
Crypto
Research: USDT, USDC exchange balance going in opposite directions
The balance of USDT on exchanges doubled in the past year reaching $17.7 billion, while USDC saw the $7 billion it recorded earlier this year drop to $2.1 billion.
Stablecoins
Circle CEO says Binance decision to stop USDC support is good as it increases utility
Wintermute CEO Evgeny Gaevoy says Tether risks losing ground if it does not improve operational efficiency.
More USDC News Headlines
Exchanges
Binance will stop supporting USDC, certain other stablecoins by Sept. 29
Analysis
Stablecoin wars heat up as USDC and USDT battle for market share
Stablecoins
Binance USDC withdrawals top $1 billion per day this week
Stablecoins
