Optimism brings native USDC to OP Mainnet
Optimism and USDC issuer Circle have announced native support for USDC on OP Mainnet. The partnership is expected to spur institutional on and off-ramps for Optimism. Optimism will soon have…
Coinbase buys a stake in USDC stablecoin issuer Circle
Previously, Coinbase only assumed a minority role as a distributor and promoter of the Circles USDC project. Buying a stake in Circle means Coinbase is taking a more hands-on approach…
USDC issuer Circle receives a digital token licence in Singapore
Key takeaways Circle has received its Major Payment Institution (MPI) license for digital payment token services in Singapore. The company was first issued an in-principle approval in November 2022. Circle…
Nimiq adds gas-abstracted USDC transactions on Polygon
Nimiq is the first non-custodial wallet to implement gas-abstracted USDC for Polygon Gas abstraction is an innovative feature that allows blockchain users to pay required network fees using whatever token…
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…
Circle says $3.3B of USDC reserves stuck at Silicon Valley Bank
Circle said it failed to remove $3.3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news, falling 8% to hit lows…
Circle moves its USDC reserve deposits out of troubled Silvergate Bank
Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs. The bank recently closed its SEN Platform which institutions used to move…
Visa reportedly testing USDC settlements on Ethereum
Visa’s head of crypto revealed the plans at a StarkWare event this week. The payments giant has been trialing large-value USDC settlements on the Ethereum blockchain. Swarm Markets co-founder Philipp…
Coinbase launches USDC trading on Avalanche – AVAX is up by 8% today
Crypto exchange Coinbase now supports the native trading of USDC on Avalanche. AVAX is the best performer amongst the top 20 cryptocurrencies by market cap today. The broader market has…
Coinbase asks users to switch USDT for the ‘reputable’ USDC
Crypto exchange Coinbase wants its users to switch their USDT for USDC. The company calls USDC the trusted and reputable stablecoin. Coinbase is a co-founder of Circle, the company that…