Tag: USD Coin

Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version. Circle’s United States dollar stablecoin, USD Coin, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version will…

Coinbase and Circle have redefined their relationship, according to identical announcements on the Coinbase and Circle blogs on Aug. 21. The two organizations jointly launched the USD Coin stablecoin and have, until now, governed the token through the Centre Consortium. The Centre Consortium “will no longer exist as a stand-alone entity,” the blog past said, and governance and operations…

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines. Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States. How things panned…

A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail. A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds. The partisan bill, introduced on May 10 by New York…

The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults. Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults. According to a May 10 Politico newsletter, Circle CEO Jeremy Allaire said that the firm has adjusted the mix of…

The market capitalization of Tether is nearly a billion dollars away from reaching a new lifetime peak while rival stablecoins struggle. Tether has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the United States. On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just 1.5% below…