USDC
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
One wallet made $16.5 million in a day trading tether for USD coin and DAI.
The Banking Crisis Has Been Good for Stablecoin Experimentation
Sovryn, a Bitcoin DeFi protocol, announced a new dollar proxy as others look at alternative models for collateralizing stablecoins amid a banking system crisis.
La crisis bancaria ha sido buena para la experimentación con monedas estables
Sovryn, un protocolo Bitcoin DeFi, anunció un nuevo proxy del dólar mientras otros buscan modelos alternativos para garantizar monedas estables en medio de una crisis del sistema bancario.
Stablecoin Outlook Following Silicon Valley Bank Failure
The Circle-issued USDC stablecoin regained its dollar peg, recovering from the Silicon Valley Bank-induced chaos over the weekend that saw its price plummet to $0.90 on major exchanges. Tastycrypto Head of Digital Assets Ryan Grace weighs in on the future of stablecoins and USDC volatility.
Bitcoin Options Market Still Afraid of USDC Volatility
The options market is still valuing options that settle in the underlying rather than in USDC at a relative premium because of concerns of another depeg, one observer said.
Circle USDC Rebounds From Depegging, but Stablecoin Observers See an Uncertain Future
Nearly 4 billion USDC has been removed from the circulating supply since Friday with more USDC being burned than minted, data shows.
Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos
The price increase of LQTY comes amid heightened interest in stablecoins following the depegging of USD Coin and the shutdown of several crypto-friendly banks.
Gibraltar's Xapo Bank Enables GBP Payments, Prepares USDC Option Amid U.S. Crypto Banking Crisis
The retail-focused bank will be allowing users to make GBP payments directly to and from their U.K. accounts or wallets.
Silicon Valley Bank Collapse: Crypto Impact and What's Next
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U.S. regulators to impose emergency measures to protect depositors. This comes on the heels of crypto-friendly Silvergate Bank’s shutdown in the same week. Here’s a look at how SVB’s closure is sending ripple effects across the crypto industry, and what’s to come.
Why Stablecoin USDC’s Unstable Weekend Matters
The second-largest stablecoin in crypto has restored its dollar peg after a tumultuous weekend, but it shows how important the token is in the ecosystem.
