Recent News about USD Coin (usdc)

Receive a weekly digest about USD Coin in your inbox

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Live headlines about USD Coin

Headlines are updated in real time. Click on a headline to the left to read the news.

USD Coin Price and Market Cap information

Price Market cap 24h Volume
Total supply Circulating Supply Fully Diluted Valuation
ATH % ATH ATH date
ATL % ATL ATL date

A Brief Introduction to USD Coin

USD Coin, also known as USDC, is a type of cryptocurrency known as a stablecoin. Stablecoins are unique in the crypto world because they are pegged to a stable asset, in this case, the U.S. dollar. This means that for every USDC in circulation, there is one U.S. dollar held in reserve, making it a safe and stable option for digital transactions.

The Creators and Major Contributors

USD Coin was launched by the Centre consortium, a collaboration between the peer-to-peer payment services company Circle and the popular cryptocurrency exchange Coinbase. These two companies work together to ensure the stability and security of USDC, with other crypto ventures also able to join the consortium.

Token Supply

The supply of USDC tokens is not capped and can increase or decrease depending on demand. As of now, the total reserves held by the company consist of billions in US Treasury Securities and cash deposits. This reserve is audited by a global accounting firm to ensure transparency and trust in the coin.

Purchase Locations

As one of the most popular stablecoins, USD Coin can be purchased on several major cryptocurrency exchanges. These include its founding exchange Coinbase, as well as others like Binance, OKEx, and Bitfinex. It can also be traded on decentralized exchanges such as Uniswap.

Common Uses

USD Coin is commonly used as a safe haven for crypto traders during times of market volatility. It also allows businesses to accept digital asset payments and has applications in various sectors including decentralized finance and gaming. The ultimate goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers, and dApps as possible.

Latest News and Developments

USD Coin has recently made headlines by forging ties with traditional financial institutions. After a successful funding round that saw participation from major firms like BlackRock and Fidelity, USD Coin has entered into a strategic partnership with BlackRock to explore capital market applications for the stablecoin. In addition, America's oldest bank, BNY Mellon, will serve as the primary custodian of the assets backing USDC stablecoins, further solidifying its position in the market.

USD Coin's Market Influence

Recent news about USD Coin highlights its significant role in the crypto market. A mysterious fund has been converting large amounts of USD Coin into USD Tether, subsequently influencing the crypto market. Additionally, USD Coin is also being used on Uniswap protocol, a blockchain-based infrastructure, to provide liquidity and set prices.

Technological Developments

In USD Coin news today, the digital currency is seeing technological advancements. Wormhole has integrated with Circle’s new Cross-Chain Transfer Protocol (CCTP) to provide a seamless chain-agnostic development experience. This integration enables generic messaging on top of native USD Coin cross-chain transfers, enhancing its utility in the crypto space.

Regulatory Challenges

USD Coin has faced some regulatory challenges recently. The Securities and Exchange Commission (SEC) is reportedly planning to issue an enforcement notice to Circle, the issuer of USD Coin. This comes as part of the SEC’s crackdown on stablecoins, leading to some market instability.

USD Coin in Commerce

Despite these challenges, USD Coin continues to make strides in commerce. It can supplement or replace payments made via wire, ACH, and card, providing faster and cheaper transactions. If you're wondering where to buy USD Coin, platforms like HashPack and Binance offer easy ways to purchase it. Additionally, USD Coin has been used in philanthropic and humanitarian donations, demonstrating its versatility.

Live headlines about USD Coin

Headlines are updated in real time. Click on a headline to the left to read the news.

USD Coin Price and Market Cap information

Price Market cap 24h Volume
Total supply Circulating Supply Fully Diluted Valuation
ATH % ATH ATH date
ATL % ATL ATL date

A Brief Introduction to USD Coin

USD Coin, also known as USDC, is a type of cryptocurrency known as a stablecoin. Stablecoins are unique in the crypto world because they are pegged to a stable asset, in this case, the U.S. dollar. This means that for every USDC in circulation, there is one U.S. dollar held in reserve, making it a safe and stable option for digital transactions.

The Creators and Major Contributors

USD Coin was launched by the Centre consortium, a collaboration between the peer-to-peer payment services company Circle and the popular cryptocurrency exchange Coinbase. These two companies work together to ensure the stability and security of USDC, with other crypto ventures also able to join the consortium.

Token Supply

The supply of USDC tokens is not capped and can increase or decrease depending on demand. As of now, the total reserves held by the company consist of billions in US Treasury Securities and cash deposits. This reserve is audited by a global accounting firm to ensure transparency and trust in the coin.

Purchase Locations

As one of the most popular stablecoins, USD Coin can be purchased on several major cryptocurrency exchanges. These include its founding exchange Coinbase, as well as others like Binance, OKEx, and Bitfinex. It can also be traded on decentralized exchanges such as Uniswap.

Common Uses

USD Coin is commonly used as a safe haven for crypto traders during times of market volatility. It also allows businesses to accept digital asset payments and has applications in various sectors including decentralized finance and gaming. The ultimate goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers, and dApps as possible.

Latest News and Developments

USD Coin has recently made headlines by forging ties with traditional financial institutions. After a successful funding round that saw participation from major firms like BlackRock and Fidelity, USD Coin has entered into a strategic partnership with BlackRock to explore capital market applications for the stablecoin. In addition, America's oldest bank, BNY Mellon, will serve as the primary custodian of the assets backing USDC stablecoins, further solidifying its position in the market.

USD Coin's Market Influence

Recent news about USD Coin highlights its significant role in the crypto market. A mysterious fund has been converting large amounts of USD Coin into USD Tether, subsequently influencing the crypto market. Additionally, USD Coin is also being used on Uniswap protocol, a blockchain-based infrastructure, to provide liquidity and set prices.

Technological Developments

In USD Coin news today, the digital currency is seeing technological advancements. Wormhole has integrated with Circle’s new Cross-Chain Transfer Protocol (CCTP) to provide a seamless chain-agnostic development experience. This integration enables generic messaging on top of native USD Coin cross-chain transfers, enhancing its utility in the crypto space.

Regulatory Challenges

USD Coin has faced some regulatory challenges recently. The Securities and Exchange Commission (SEC) is reportedly planning to issue an enforcement notice to Circle, the issuer of USD Coin. This comes as part of the SEC’s crackdown on stablecoins, leading to some market instability.

USD Coin in Commerce

Despite these challenges, USD Coin continues to make strides in commerce. It can supplement or replace payments made via wire, ACH, and card, providing faster and cheaper transactions. If you're wondering where to buy USD Coin, platforms like HashPack and Binance offer easy ways to purchase it. Additionally, USD Coin has been used in philanthropic and humanitarian donations, demonstrating its versatility.