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USDC
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.
USDC Issuer Circle Says It 'Awaits Clarity' From FDIC on Silicon Valley Bank Collapse
The stablecoin issuer declined to state how much cash is tied up at the collapsed financial institution.
Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.
Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months
USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021.
Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
The projects will take part in the country’s central bank digital currency pilot, expected to wrap later this year.
BUSD Drama Sets Stage for Stablecoin Market Reshuffling
Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.
Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry
Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.
Flux Finance Launches Lending Token Collateralized by U.S. Treasurys
Flux Finance invests in Ondo’s Short-Term U.S. Government Bond Fund (OUSG) a tokenized version of a Blackrock Treasury Bond ETF.
Visa's Reported Crypto Push
Cointelegraph reports that payments giant Visa is looking into how to accept settlement payments from issuers in USDC starting on Ethereum. "The Hash" panel discusses Visa's latest crypto ambitions and the implications for mainstream adoption.
