SOL gains momentum as Circle’s USDC mints on Solana surpass $3B in July
The stablecoin issuer has minted $500M USDC on Solana today. It has minted $1B stablecoins in the previous week, bringing its July total past $3 billion. SOL trades at a…
USDC’s struggles is due to US crackdown, says Circle’s Jeremy Allaire
Key takeaways Circle’s CEO Jeremy Allaire has blamed the banking crisis in the United States for USDC’s recent struggles. USDC has lost roughly $13 billion of its value in recent…
USDC bounces to $0.99 as Circle’s $3.3B reserve risk is removed
USDC has re-pegged to $0.99 after crashing to lows of $0.88 last week. Circle, the company that issues the stablecoin, has announced the $3.3 billion risk on USDC reserves has…