Binance resumes USDC withdrawals after temporary suspense

    Binance has resumed processing withdrawals of the USD Coin stablecoin (USDC) after pausing them for several hours earlier on Dec. 13. The exchange said it worked on a token swap to increase its USDC reserves. On Dec. 13, the world’s largest crypto exchange Binance temporarily stopped processing USDC withdrawals due to inadequate USDC reserves on…

    Coinbase strikes Tether in the ‘stablecoin wars’

    Coinbase has called on users to convert their Tether (USDT) stablecoins to USDC – the stablecoin it co-founded – with zeroing exchange fees. The move follows a battle of words between Tether and some media outlets. “Now more than ever, stability and trust are of the utmost importance to customers,” Coinbase stated in an official…

    Circle and SPAC terminate plans to take USDC issuer public

    USDC stablecoin issuer Circle and publicly traded special purpose acquisition company Concord Acquisition Corp mutually ended their proposed business combination after the deal “timed out.” The mutual termination comes after over a year and a half of deliberating around the terms of Circle’s potential multibillion-dollar listing. Previously, Circle had been eyeing an entry into the…

    USDC stablecoin issuer Circle adds support for Apple Pay

    Accepting payments in Circle’s USDC stablecoin is now available via Apple Pay. The addition will help crypto businesses by making it easier to take payments, Circle said. Merchants who accept payments in Circle’s USDC stablecoin can now interact with Apple Pay, Circle said in a blog post. “NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets,…

    USDC stablecoin expands to five new blockchains

    Circle, the company behind the second-largest stablecoin USDC, announced on Sept. 28 that it will soon expand USDC support on five additional blockchains. Furthermore, the company announced a Cross-Chain Transfer Protocol to streamline the movement of USDC across networks. As the company’s CPO Nikhil Chandhok revealed at Circle’s Converge22 conference, USDC will be compatible with…

    Binance to stop supporting rival stablecoins except for Tether

    Crypto exchange Binance, the issuer of the world’s 3rd-largest stablecoin, BUSD, said it will convert customers’ holdings in rival stablecoins USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin (BUSD) on September 29 to “enhance liquidity and capital-efficiency for users.” Meantime, Binance has no plans to “auto-convert” Tether (USDT) to…