Tag: USD Coin

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ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance

May 28, 2021

The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor. Stablecoin issuing platform ICHI has launched a Decentralized Monetary Authority, or DMA, that enables cryptocurrency networks to more easily mint their own stablecoins securely.  By utilizing ICHI’s DMA, cryptocurrency communities can create and govern their own fully-collateralized stablecoins…
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Analyst says DeFi and stablecoins held up well as crypto markets imploded

May 27, 2021

DeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption. The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran…
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The way of the stablecoin: A journey toward stability, trust and decentralization

May 2, 2021

Stablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year. Bitcoin (BTC) and other cryptocurrencies have opened the doors to a whole new world of finance. In their most basic form, cryptocurrencies allow people to transact in a fully trustless, transparent and efficient…
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Biggest one day USDC print in history marks lowest Bitcoin dominance in years

May 1, 2021

The $3 billion USDC influx puts the total supply of the stablecoin at around $14,4 billion, reaching over a quarter of Tether’s market cap. More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted in one fell swoop. New USD…
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Visa plans to allow partners to settle fiat transactions with crypto

March 29, 2021

Visa’s partners will be able to exchange USDC over the payment network to clear transactions made in fiat currency. Major credit credit provider Visa is piloting a program that will allow its partners to use the Ethereum (ETH) blockchain to settle a transaction made in fiat. In a Monday announcement, Visa said it will be…
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USDC issuer Centre lands Wall Street veteran David Puth as CEO

December 1, 2020

The company behind USDC has added a new face that could help further institutional adoption. Centre Consortium, the company behind USD Coin (USDC), has hired former State Street and JPMorgan Chase executive David Puth as its new CEO.  Centre made the announcement early Tuesday in a Medium post that praised Puth for his leadership credentials.…
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Unite to Succeed: Swiss Stablecoin Association Hopes to Break the Ice

August 4, 2020

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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Joint Coinbase-Circle Stablecoin Project USDC Listed on Competitor Kraken

January 8, 2020

Kraken exchange lists stablecoin USDC, a product of Circle and competitor Coinbase. Crypto exchange Kraken has added stablecoin USD Coin (USDC) to its list of trading pairs.  Touted as “the world’s fastest-growing stablecoin,” USDC saw listing today on crypto exchange Kraken, per a press release provided to Cointelegraph on Jan. 8.   USDC developed by Circle…
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