The Stellar blockchain can be used to pay with USDC, the second-largest stablecoin. The Stellar Development Foundation announced Tuesday that an anticipated integration with USD Coin (USDC) is live. Users can now transact with USDC on the Stellar blockchain. The integration with the second-largest stablecoin was initially announced in October 2020, as Cointelegraph reported at the…
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USD Coin continues to capture stablecoin market share, with Tether’s stable token dominance falling below 75% for the first time ever. The sands are shifting in the stablecoin ecosystem, with Circle’s USD Coin quickly eating into the dominance of the sector’s leader, Tether. According to a Feb. 1 report from Glassnode, the amount of USDC…
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Stellar joins the ranks of Ethereum and Algorand. The Centre consortium announced on Thursday that USD Coin (USDC) will soon be available on the Stellar blockchain. This marks the first time that a major stablecoin will be made available on the platform, joining the ranks of Anchor USD, WhiteStandard and some others. USDC is currently…
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APY.Finance is the latest DeFi protocol to explode in popularity, locking more than $67 million of stablecoins in the first hour of launching its mining program. The DeFi sector is still going strong with the newly launched yield farming platform APY.Finance attracting more than $67 million in locked funds within one hour of launching liquidity…
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The new World Stablecoin Association hopes to create a united front for the sector to tackle regulatory concerns and drive collaboration. The recent formation of the World Stablecoin Association in Switzerland was done with the goal of creating a united front for the sector to tackle regulatory concerns and drive collaboration. Stablecoins are becoming an…
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As banks look to tokenize currency and USDT volume rises, experts see a bright future for stablecoins. In a June 24 webinar put on by the Chamber of Digital Commerce, major figures from the crypto community spoke about the growing role of stablecoins. Long-term view of stablecoins One of the guests was Jeremy Allaire, the…
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USD Coin, which is a joint venture of Circle and Coinbase, will soon launch on the Algorand blockchain. The Algorand Foundation has announced that the USD Coin (USDC) stablecoin will be launched on the Algorand (ALGO) blockchain. The integration will allow customers using Circle APIs or Circle Business Accounts to convert funds from their bank…
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According to the Coin Metrics report, stablecoins’ transfer value hit an all-time high following the crypto bloodbath on March 12. Blockchain analysis company Coin Metrics has found that while Bitcoin (BTC) was experiencing its biggest daily drop in the last seven years, stablecoins reaped the benefits. Coin Metrics, which conducts analysis of various aspects of…
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The MakerDAO governance has added the stablecoin USDC as its third collateral type in an attempt to improve liquidity and Dai price stability. The MakerDAO governance has approved the USD Coin (USDC) stablecoin as the third collateral type accepted in the Maker Protocol, according to a community post on March 17. The decision was put…
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