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Stablecoins
Circle Seeks to Register in France, Ramping Up European Play
The stablecoin issuer wants to expand European operations and prepare for new reserve requirements under the EU’s MiCA law.
Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say
The sentiment permeated talks and fireside chats at the 2023 Blockchain Africa Conference in Johannesburg, South Africa.
Bitcoin Is Benefiting From Crypto’s Flight to Quality: Matrixport
Investors are shifting into the cryptocurrency from stablecoins and more volatile cryptocurrencies, a report from the firm said.
Decentralized Exchanges Posted Record $25B Daily Volume as USDC Depegged
The majority of volume took place on Uniswap and Curve as traders hopped out of, and back into, the stablecoin.
KuCoin Has Closed a $10M Funding Round Into CNHC, but Is the Offshore Yuan Right for a Stablecoin?
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round.
Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
USDC depegged over the weekend to 87 cents, and a Buterin-labelled wallet bought on the dip.
USDC's 'Black Swan' Depegging Could Have Been Avoided With Proper Regulatory Framework
Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress, says John Rizzo of the Clyde Group.
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos
The stablecoin fell below $1 in value on Friday after it emerged that some portion of issuer Circle’s funds were at the failed Silicon Valley Bank.
Smart Money Staying Put as USDC Remains Off Peg
Data from Nansen shows the total amount held by smart money wallets, and active addresses, are at multi-month lows.
