Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement companion, Signature Bank, was closed by New...
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
On Monday, Binance CEO Changpeng Zhao, also called CZ, introduced that the corporate had determined to transform $1 billion value of BUSD from the Industry...
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
On Saturday, March 11, 2023, Circle Financial up to date the general public about its stablecoin, USDC, and famous that the stablecoin’s liquidity operations will...
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
On March 11, 2023, the decentralized finance venture Makerdao issued an emergency proposal following the USDC depegging incident that noticed the stablecoin dip all the...
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
After Paxos introduced that it could now not mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been faraway from circulation thus far. The Paxos-managed...
Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months
Decentralized finance (defi) has continued to stay deeply ingrained within the cryptocurrency financial system because the ecosystem supplies customers with a non-custodial method to alternate...
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023
The Tron-based stablecoin USDD fell under $1 parity once more through the first week of 2023 and on Jan. 10. Four days in the past,...
Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High
Eight days in the past, the euro tapped a document low towards the U.S. greenback because it hit $1.028 per unit towards the USD final...