USDC

According to official data, from March 17 to March 24, Circle issued a total of $500 million in USDCs and redeemed $2.6 billion in USDCs, resulting in a decrease in circulation of

On March 25th, it was reported that the current market value of USDC is 33.896 billion US dollars, and its market share has continued to decline since March 9th. It has now dropped

According to reports, according to Usdc.com data, the current total circulation of USDC is 33.91 billion US dollars, and the circulation of USDC on the Solana chain is 708 million

According to reports, according to WhaleAlert data monitoring, 50000000 USDCs ($50030333) were transferred from the USDC Treasury to Kraken.
Data: 50 million USDCs transferred from

According to reports, according to the official website, the MakerDAO community has voted to approve the proposal to \”retain the USDC as the main reserve asset of the stable curren

According to reports, according to the latest data from blockchain analysis company Glassnode, as USDC, DAI, and BUSD continue to hit new lows, as well as the continuous increase i

On March 22, it was reported that even though Circle, the issuer of stable currency issued by USDC, withdrew its deposits trapped in a bank in Silicon Valley, customers continued t

On March 21, the global settlement banking platform Arf launched an unsecured short-term working capital financing solution based on USDC for licensed financial institutions, and p

On March 21, the MakerDAO community launched a public opinion poll on the standardization of PSM parameters. Option 1 of the proposal is to diversify the stable currency reserves o

It is reported that Coinbase provided Circle with an immediate credit line of approximately $3 billion after SVB\’s bankruptcy to ensure the full liquidity of USDC reserves and ensu

7:00-12:00 Key words: CBDC, FDIC insurance, Coinbase CTO, USDC Summary of important developments at noon on March 19th Analysis based on this information:The message indicates that FDIC insurance is becoming increasingly important for Central Bank Digital Currencies (CBDC) in the United States. This assurance is provided by the Coinbase CTO, Balaji Srinivasan, who suggests that FDIC insurance could be critical for CBDC adoption. The message also mentions that the USDC stablecoin, a digital currency pegged to the US dollar, already has FDIC insurance for its reserve accounts. Currently, there is a growing interest in CBDCs worldwide, and the US Federal Reserve is considering launching its own digital dollar. The FDIC insurance would guarantee the safety of CBDCs’ assets and align with the traditional banking system’s security protocols. Historically, people’s trust in the financial system is higher when the Federal Deposit Insurance Corporation (FDIC) insures their deposits. It means that the government would reimburse customers for their deposits up to a…

According to the official data of Circle, from March 10 to March 17, Circle issued a total of 2.2 billion USD of USDCs and redeemed 8.7 billion USD of USDCs, resulting in a decrease in circulation of approximately 6.5 billion USD. As of March 17, the total circulation of USDC was US $36.9 billion, and the reserve was US $37.1 billion, including US $8.1 billion in cash and US $29 billion in short-term US treasury bond bonds. USDC circulation decreased by $6.5 billion in the past week Analysis based on this information:Circle, a cryptocurrency exchange platform that issues the USDC stablecoin, has reported a significant decrease in the circulation of the USDC stablecoin. From March 10 to March 17, Circle issued a total of 2.2 billion USD worth of USDCs, whereas it redeemed 8.7 billion USD of USDCs, resulting in a net decrease of approximately 6.5 billion USD in circulation. The decrease in USDC circulation can be partially attributed to…

According to reports, according to CoinGecko data, the market value of the stable currency USDT has risen to around $75 billion, the highest level since May 2022. The market value of USDT is twice that of USDC. Although USDC has resolved recent issues and is flat with the US dollar, the aftermath of the SVB bank run indicates that investors are increasingly choosing USDT. USDT’s market value rose to around $75 billion, hitting a new high since May 2022 Analysis based on this information:The market value of the stable currency USDT has surged to around $75 billion, the highest level since May 2022, according to a report that analyzed CoinGecko data. This marks a significant increase in USDT’s market value, which is twice that of its closest competitor, USDC. Although USDC has resolved its recent issues and is now pegged with the US dollar, the aftermath of the SVB bank run indicates that investors are increasingly choosing USDT over other…

According to reports, a few days after the US federal government stepped in to protect the now defunct Silicon Valley bank depositors, Jeremy Allaire, the CEO of Circle, said in an interview with CNBC that although the USDC had resumed anchoring, the banking system risks had not completely disappeared. He explained that the risks of the broader impact on the US financial system appeared to be systemic, and I do not believe that these risks had completely dissipated at this time. Circle will protect itself by reducing bank deposits. From the perspective of Circle, the main preventive measure is to ensure that we are exposed to the hidden risks in the partial reserve banking system as little as possible. （dailyhodl） Circle CEO: Will protect themselves by reducing bank deposits Analysis based on this information:According to recent reports, the CEO of Circle, Jeremy Allaire, has expressed concerns about the systemic risks still present in the US banking system, even after the…

On March 16th, according to Lookonchain monitoring, Sun Yuchen has transferred 351.6 million USDCs to Coinbase after Coinbase resumed the conversion of USDCs to US dollars. Sun Yuchen has transferred over 350 million USDCs in total after recovering the conversion between USDCs and US dollars in Coinbase Analysis based on this information:According to recent reports, Sun Yuchen, the founder of the TRON blockchain network and CEO of BitTorrent, has transferred 351.6 million USDC, a popular stablecoin pegged to the US dollar, to Coinbase. This announcement comes after Coinbase resumed the conversion of USDCs to US dollars, which was paused due to an issue with PayPal earlier this month. The move by Sun Yuchen raises several questions about his intentions with this vast sum of digital assets. One possibility is that he may be diversifying his crypto portfolio and shifting his holdings into more stable and liquid assets. The USDC is considered a stablecoin because it is pegged to the US…

According to reports, according to online data analyst ember monitoring, in the past two days, 10 million USDCs were spent to purchase the addresses of 3.4 million SNXs from the Giant Whale. Today, another 5 million USDCs were used through AirSwap’s OTC to purchase 2.02 million SNXs from the Synthetix treasury, with an average price of $2.46. A giant whale has spent 15 million USDCs to purchase SNX in the past three days, with an average price of $2.76 Analysis based on this information:The message reveals an interesting development in the cryptocurrency market wherein a large-scale purchase has been made. According to the reports from online data analyst Ember Monitoring, someone known as the Giant Whale spent 10 million USDCs to purchase 3.4 million SNXs in the past two days. This signals a significant vote of confidence in the potential of SNXs as a valuable investment. Furthermore, this purchase is noteworthy since it was made with USDC, which is a…

According to reports, the official blog of Circle stated that as of March 15th, the banking business of the United States had basically cleared all the backlog of USDC casting and redemption requests. Since Monday morning, Circle has redeemed $3.8 billion of USDCs and issued $800 million of USDCs. Circle: Since Monday, it has redeemed $3.8 billion of USDC and cast $800 million of USDC Analysis based on this information:Circle, a leading digital currency company, has announced through its official blog that the US banking business has cleared all backlogs of USDC casting and redemption requests. The statement reveals that since March 15th, the company has handled requests totaling $3.8 billion, representing redeemed USDCs, and issued $800 million worth of new USDCs. USDC, an abbreviation for USD Coin, is a stablecoin pegged to the value of the US dollar. Circle is the issuer of the digital asset, which is widely used in the world of cryptocurrency due to its reputation…

It is reported that Xapo Bank, headquartered in Gibraltar and friendly to cryptocurrency, has enabled the payment of sterling and USDC stable currency for its users. Xapo is a licensed private bank and cryptocurrency custodian, focusing on retail customers, and has integrated the flash network of Bitcoin. Seamus Rocca, CEO of Xapo Bank, said: “From today on, we have also added support for sterling through the Faster Payments network, which means that members will be able to pay directly to the UK wallet or bank.” Xapo also activated the USDC payment this week, enabling its users to send and receive stable currency directly to their Xapo bank account without any charge. Xapo Bank enables sterling and USDC stable currency payment for users Analysis based on this information:Xapo Bank, a licensed private bank and cryptocurrency custodian headquartered in Gibraltar, has announced that it has enabled sterling and USDC stable currency payments for its users. The bank, which focuses on serving retail…

On March 15th, Arkham Intelligence analysis data showed that after the USDC was anchored, an address associated with the Alameda Research liquidator sent $100 million in stable currency to crypto trading companies Cumberland and GSR Markets. More than $47 million of USDCs were sent to GSR Markets on March 13, and another $50.3 million was sent to Cumberland through two transactions. Alameda’s associated address sent US $100 million in stable currency to Cumberland and GSR Markets after USDC’s anchor release Analysis based on this information:According to recent reports, on March 15th, Arkham Intelligence analysis data revealed that a prominent address associated with Alameda Research liquidator sent $100 million in Stable Currency to two crypto trading companies, Cumberland and GSR Markets. More specifically, over $47 million of USDCs were sent to GSR Markets on March 13th, followed by two separate transactions that totaled over $50.3 million sent to Cumberland. Alameda Research is a well-regarded trading firm that is known for its…

According to reports, Defi Llama data shows that on March 11th, with the anchor of the USDC, the single day trading volume of the Decentralized Exchange (DEX) hit a high of about $25 billion. Previously, DEX’s single day trading peak ($24.3 billion) occurred in May 2021, when the BTC price was approximately $65000 and the ETH price was approximately $4400. DEX trading volume hit a high of about $25 billion on the day of USDC’s anchor release Analysis based on this information:According to reports, the Defi Llama data has revealed that the Decentralized Exchange (DEX) trading volume hit an all-time high on March 11th with the backing of the USDC. The single-day trading volume amounted to approximately $25 billion, surpassing the previous peak of $24.3 billion that occurred in May 2021, when Bitcoin was valued at $65,000 and Ethereum at $4,400. The surge in DEX trading volume is a significant milestone in the advancement of decentralized finance. DEXs make use…

According to reports, PeckShield has monitored that the address labeled Justin Sun has just exchanged 41.3 million DAIs for 41.3 million USDCs and transferred them to the intermediate address (0x30df… 0de). This address has exchanged 100 million DAIs for 100 million USDCs in the past 17 hours and transferred them to Coinbase. Justin Sun’s address changes 41.3 million DAIs to 41.3 million USDCs and transfers them to an intermediate address Analysis based on this information:PeckShield, a blockchain security company, has reported a significant transaction that involves the conversion of a large amount of DAI to USDC. The report reveals that an address associated with Justin Sun has exchanged 41.3 million DAIs for 41.3 million USDCs and transferred them to an intermediate address. Notably, this is not an isolated transaction, as the same address reportedly completed the exchange of 100 million DAIs for 100 million USDCs in the past 17 hours and transferred them to Coinbase. This high-volume transaction is notable…

On March 15, it was reported that Lookonchain monitoring data showed that it was suspected that Sun Yuchen’s wallet had earned more than 3.3 million dollars during the period when the USDC broke down. The address starting with 0xbcb7 was removed from Aave after the USDC was anchored, and 50 million USDCs were exchanged 1:1 for DAI. Subsequently, the USDC was removed from Coin An and also exchanged for DAI. The address then withdrew 214.9 million USDTs from Coin An, converting 100 million of them into 103.3 million USDCs, 75 million USDTs into 75.5 million DAIs, and then converting all USDCs into DAIs. Lookonchain: It is suspected that Sun Yuchen’s wallet earned more than 3.3 million US dollars during the period of USDC’s anchor release Analysis based on this information:The message reveals a possible transaction made by Sun Yuchen’s wallet during a period when the USDC (USD Coin) experienced a breakdown. Lookonchain monitoring data reported that the wallet earned more…

as report goes, Circle, the stable currency issuer of USDC, stated in a blog post: “Since the collapse of Signature Bank and Silvergate Bank, our team has been working around the clock to restore the liquidity operations of USDC, including the introduction of new trading banking partners. We started processing casting and redemption requests on Monday morning, March 13th local time, when the US banking system reopened and is currently processing a backlog of requests. We have more work to do here, including adding a 24/7/3 “On March 13, local time, Circle redeemed $2.9 billion of USDC and forged $700 million of USDC as a new trading banking partner with 65 functionality.” Circle: Efforts are being made to restore USDC’s liquidity operations, including the introduction of new trading banking partners Analysis based on this information:Circle, the stable currency issuer of USDC, recently made an announcement in their blog post regarding the restoration of their liquidity operations. According to them, the…

According to the report, according to The Block data, since last Friday, the redemption amount of USDC has reached $6.2 billion, and the casting amount has reached $1.66 billion, that is, the net redemption amount is slightly higher than $4.5 billion. The Block: Since last Friday, the net redemption amount of USDC has exceeded $4.5 billion Analysis based on this information:According to a recent report by The Block, the redemption and casting amounts for USD Coin (USDC), a stablecoin pegged to the US dollar, have increased significantly since last Friday. The redemption amount of USDC has surpassed $6.2 billion, while the casting amount has reached $1.66 billion. This implies that the net redemption amount is slightly higher than $4.5 billion. USDC is a popular stablecoin used in the cryptocurrency market. It is designed to provide users with a way to store and transfer US dollars on blockchain technology, thus offering faster and cheaper transaction fees compared to traditional financial systems….

It is reported that traders who use the DeFi agreement to bet on the recovery of the USDC at the weekend will face 8-digit liquidation risk if the stable currency breaks anchor with the US dollar again this week. If the USDC discounts again by 10%, the position exceeding US $70 million may face liquidation risk Analysis based on this information:The cryptocurrency market has gained significant momentum over the past few years, with the emergence of decentralized finance (DeFi) agreements, which have created new opportunities for traders to bet on the stability and recovery of digital currencies. One such digital currency is the USDC, a stable currency that is pegged to the US dollar. However, the stability of USDC came into question recently, with reports stating that traders using DeFi agreements to bet on its recovery may face high liquidation risks. Liquidation risk is a significant risk for traders using DeFi agreements, where their positions can be forcibly closed if…

It is reported that, according to Tokenview data, Circle destroyed USDCs worth about 1.07 billion dollars on March 13, and forged USDCs worth about 480 million dollars. Circle destroyed USD1.07 billion worth of USDC yesterday Analysis based on this information:The world of cryptocurrency is expanding every day, with more and more investors and traders joining in. Stablecoins, such as USDC, have become increasingly popular as investors seek to avoid the volatility associated with cryptocurrencies. However, the stability of USDC, in particular, has come under scrutiny after recent reports that Circle, the issuer of USDC, destroyed USDCs worth $1.07 billion dollars and forged USDCs worth $480 million on March 13. Tokenview, a blockchain exploratory tool, revealed that Circle destroyed over a billion dollars’ worth of USDC in a bid to maintain the coin’s stability. This move by Circle is standard practice in the crypto market, with issuers conducting such exercises to ensure adequate backing for their stablecoin. Stablecoins are often backed…