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Stablecoin News
USDC recovers to $0.96 after Circle burns $649.3 million in tokens
In the world of cryptocurrency, volatility is the norm. However, the recent news of Circle burning a massive…
How will Funds react to the USDC depegging: Panic sell or buy at bottom?
Lookonchain, a prominent cryptocurrency analytics firm, recently tweeted about the potential depegging of the USDC…
Circle Pledges To Cover Potential USDC Shortfall if SVB Fails To Return 100% – USDC Repegs Gradually
Silicon Valley Bank (SVB) has been forced to sell long-term assets to meet redemption demands, leading to a…
MakerDAO’s Total Collateralization Reaches 154% with $8.26 Billion in Collateral Backing 5.38 Billion DAI
Maker Protocol, one of the leading decentralized finance (DeFi) platforms, recently tweeted some promising news…
BitMEX Introduces USDC Perpetual Swap with Up to 10x Leverage and Large Max Position Sizes
BitMEX, one of the world's largest cryptocurrency derivatives exchanges, is set to launch a new perpetual swap…
North Rock Digital CEO Hal Press Believes USDC Will Fully Repeg, Buys More at $0.88
In recent news, Hail Press, the Founder, and CEO of the hedge fund North Rock Digital tweeted about Circle's…
DeFi Watchdog Sounds Alarm as USDC Nears $0.872 Threshold
In recent news, the DeFi community has been keeping a close eye on USDC, which has fallen below $0.9. According to…
Binance’s Zero Trading Fees for BTC/TUSD and USD Stablecoin Pairs Lead to Over 50% Surge in TrueFi’s TRU Token
Binance, one of the world's largest cryptocurrency exchanges, has announced that it will open trading for six new…
Circle Burns $2.34 Billion in USDC Tokens in 24 Hours
Nansen, a crypto analytics firm, has reported that Circle, the co-founder of USDC, has burned $2.34 billion worth…
Circle Reveals $3.3 Billion of USDC Reserves Remain at Silicon Valley Bank Amid Insolvency Concerns
Circle Internet Financial, the issuer of the USDC stablecoin, has raised concerns over the fate of its deposits at…