USDC

On March 14, the news that USDC and DAI had recently disengaged from the US dollar triggered a frenzy of loan repayment last weekend, which saved debtors more than US $100 million in loans. Report: The debtor repaid the loan during the period of stable currency anchoring, saving more than US $100 million Analysis based on this information:The news that USDC and DAI had recently disengaged from the US dollar triggered a frenzy of loan repayment last weekend, which saved debtors more than US $100 million in loans. This development could be interpreted in a number of ways depending on one’s perspective. For those who have been following the USDC and DAI story, this could be seen as a positive development. USDC and DAI are two prominent cryptocurrencies that are pegged to the US dollar. They are essentially stablecoins that are designed to maintain a 1:1 ratio with the US dollar. However, their recent disengagement from the US dollar has…

On March 13, Jeremy Allaire, co-founder and CEO of Circle, tweeted that Circle’s deposit in SVB was 100% safe and would open tomorrow. USDC reserves are also 100% safe. Circle will complete the transfer of the remaining SVB cash to BNYMellon, and USDC’s liquidity operation will resume when the bank opens tomorrow morning. Jeremy Allaire also said that after the closure of Signature Bank, it would not be able to process and redeem the USDC through SigNet, and Circle would rely on New York Mellon Bank for settlement. Circle co-creation: Circle will rely on New York Mellon Bank for settlement Analysis based on this information:In today’s volatile financial market, investors are becoming increasingly cautious about the safety of their deposits and investments. Circle, an online payment platform that allows consumers to transfer and store money online, has been one of the few platforms to emerge as a trusted and secure option. In a recent tweet, the company’s co-founder and CEO,…

21:00-7:00 Key words: Federal Reserve, Emergency Loan, USDC, Bank of Silicon Valley Overview of important developments overnight on March 13 Analysis based on this information:The Federal Reserve announced on Tuesday that it had extended an emergency loan to the Bank of Silicon Valley in USDC. This announcement is significant as it marks the first time that the Federal Reserve has extended a loan denominated in a digital currency. The Bank of Silicon Valley, like many other banks, has been struggling to keep up with the economic fallout from the ongoing COVID-19 pandemic. The emergency loan is a crucial lifeline that will allow the bank to continue operating and providing essential services to its customers. The use of digital currency in this loan is particularly noteworthy, as it highlights the growing acceptance and legitimacy of digital currencies in the financial sector. The USDC digital currency is a stablecoin, which means its value is pegged to the US dollar. This makes it…

According to the report, according to CoinGecko data, the price of USDC has rebounded to above US $0.98 and is currently at US $0.987856. DAI prices have also risen to above US $0.98 and are currently at US $0.987856. USDC and DAI both rose to above $0.98 Analysis based on this information:The recent volatility in the cryptocurrency market has caused many investors to reassess their portfolios and shift their holdings towards more stable options. As a result, stablecoins have experienced renewed interest in the market. Stablecoins are a type of cryptocurrency that is pegged to a stable asset like the US dollar or other fiat currencies. They are designed to mitigate the inherent price fluctuations of other cryptocurrencies, making them a popular choice for traders looking for stability during uncertain times. CoinGecko, a leading cryptocurrency market data provider, has released a report stating that USDC and DAI, two of the most popular stablecoins in the market, have rebounded after experiencing…

According to the report, Conor, the business director of Coinbase, tweeted that the largest net outflow of USDCs seen on the chain belonged to the Pulsechain Sacrifice wallet. At the weekend, they exchanged 155 million USDCs for 153.7 million DAIs. They should use MakerDAO’s PSM directly, and Pulsechain finally took on the sliding point of $1.4 million, which they don’t need to do. Business director of Coinbase: Pulsechain Sacrifice wallet exchanged 155 million USDCs for 153.7 million DAIs Analysis based on this information:Coinbase, one of the leading cryptocurrency exchange platforms, has reported on a significant outflow of its USD Coin (USDC) from its exchange. According to Conor, the business director of Coinbase, the largest net outflow of USDCs was seen on the chain, primarily flowing to the Pulsechain Sacrifice wallet. This transaction occurred over the weekend, where a total of 155 million USDCs were exchanged for 153.7 million DAI, a stablecoin backed by MakerDAO. While the transfer of USDCs to…

It is reported that according to statistics, the stable currency USDC recorded a global trading volume of US $26.73 billion within 24 hours. On Saturday, the USDC decoupled from the US dollar and fell to a low of US $0.877. Therefore, encryption companies such as Binance, Coinbase, Crypto.com and Bitpay suspended USDC payment and automatic conversion. The stable currency USDC recorded a global trading volume of US $26.73 billion within 24 hours Analysis based on this information:The report reveals that the stable currency USDC has witnessed a surge in its global trading volume, reaching a whopping $26.73 billion within just 24 hours. This is a significant milestone for the digital payment industry, which has been experiencing rapid growth and adoption in recent years. However, amidst all this success, the USDC decoupled from the US dollar and dropped to a low of $0.877 on Saturday. This sudden drop in price has affected the operations of various encryption companies such as Binance,…

According to the official news on March 13, Binance will launch the USDC 1-30 times U-standard perpetual contract at 1:00 on March 13, 2023 Beijing time. Binance will go online at 1: 00 today for USDC 1-30 times U standard perpetual contract trading Analysis based on this information:On March 13, 2023, Binance made an announcement that it would launch a new USDC 1-30 times U-standard perpetual contract. This move is the latest in the company’s ongoing efforts to expand and diversify its offerings in the world of crypto trading. For those who are unfamiliar with perpetual contracts, they are a type of futures contract that provides traders with the ability to buy or sell an underlying asset at a fixed price over an extended period of time. In other words, a perpetual contract never expires. The USDC 1-30 times U-standard is a unique type of perpetual contract. It is based on the USDC stablecoin, which is pegged to the US…

According to the report, according to the data of Coingecko, the short-term premium of USDC after recovering the anchor price of US $1 has risen to US $1.01, up 5.6% in the past 24 hours, and the current market value has also risen to US $41.12 billion. USDC has a premium, which has now risen to $1.01 Analysis based on this information:The Coingecko report reveals that the short-term premium of USD Coin (USDC) has seen a significant recovery after anchoring back to its original price of $1. As per the data, the USDC short-term premium has jumped to $1.01, indicating a 5.6% rise in the last 24 hours. Additionally, the report suggests that the market value of USDC has also escalated and reached $41.12 billion. The recent recovery in the short-term premium of USDC is a positive indication that the cryptocurrency market is heading towards stability. USDC is a stablecoin whose value is pegged to the US dollar. It is…

On March 13, the Watchers monitoring data showed that Circle destroyed 220000000 1 USDCs again. Earlier, Circle had just destroyed 314167155.05 USDCs in a single transaction. Circle destroyed 220 million USDCs again Analysis based on this information:The continuous USDC destruction by Circle, a global fintech firm, raises eyebrows and leaves many wondering about the reasons behind it. On March 13th, 2021, the Watchers monitoring platform displayed that Circle destroyed a whopping 220000000 1 USDCs, just after having wiped out over 314 million USDCs in a single transaction. While circulating USDCs record an all-time high of 10 billion, why is Circle destroying such vast amounts of USDC? Many analysts speculate that one of the primary reasons could be the potential regulatory pressures Circle might be facing. The stablecoin sector has grown significantly, drawing attention from regulatory bodies globally due to its potential effects on financial stability. Reportedly, Circle might be trying to show regulators its commitment to financial stability, as destroying…

On March 13, it was reported that Coinbase has resumed the exchange of USDC and USD, which can be conducted normally through API and transaction platform UI. Coinbase has resumed the exchange of USDC and USD Analysis based on this information:Coinbase, one of the largest cryptocurrency exchanges in the world, has announced on March 13 that it has resumed the exchange of USDC and USD, which can be conducted normally through the application programming interface (API) and transaction platform user interface (UI). This update is a significant development for Coinbase users who rely on the platform to trade digital assets for US dollars or USDC, a stablecoin backed by the US dollars in reserve. In the past, Coinbase has faced several issues related to the stability and reliability of its trading platform, including unexpected outages and delays in processing transactions. However, the announcement of the resumption of the USDC and USD exchange suggests that Coinbase has taken measures to address…

It is reported that Watchers monitoring data shows that Circle destroyed 314167155.05 USDC in a single transaction. Circle destroyed more than 300 million USDCs in a single transaction Analysis based on this information:Circle, a digital currency and cryptocurrency company, made headlines lately as it destroyed 314 million USDC in one transaction. USDC, or USD Coin, is a stablecoin that is pegged to the US dollar. It is used as a means of exchange and store of value on the blockchain, without the volatility that other cryptocurrencies are known for. The transaction was picked up by Watchers, a blockchain and cryptocurrency data analysis firm. The news was quickly disseminated across the crypto community as concerns were raised about what could have driven Circle to destroy such a large amount of USDC. On the surface, the data shows that Circle sent the 314 million USDC to an Ethereum address, which then burned or destroyed the tokens. This means that the USDC sent…

It is reported that according to Nansen’s data, the total balance of USDC in the address of “smart money” wallet is about 485 million dollars in 1396 wallets, down from 700 million dollars in 1455 wallets a month ago and 1.02 billion dollars in 1478 wallets a year ago. At the same time, the proportion of smart money in all stable currencies has dropped to 21%. At the beginning of this year, this proportion was close to 30%, and reached a record high of 38% at the end of August 2022. Data: The total position of USDC with smart money and active wallet addresses has reached a low point in several months Analysis based on this information:The message highlights a decline in the total balance of USDC (a stablecoin pegged to the US dollar) in wallets that belong to “smart money” investors. According to Nansen’s data, the total balance of USDC in smart money wallets is now at $485 million,…

According to reports, Lookonchain monitoring data showed that two days ago, before the USDC broke down, Sparkster’s four wallets used 15.58 million USDC to buy 10921 ETHs at an average price of 1427 dollars. These wallets sold 10921 ETHs this morning and obtained 17.24 million USDCs, with an average transaction price of 1578 dollars. Sparkster earned $1.65 million in two days. Sparkster-related wallets earned US $1.65 million from short-term trading ETH during the period of USDC’s anchoring Analysis based on this information:Sparkster, a blockchain-based platform, recently gained $1.65 million in just two days through its trading of Ethereum (ETH). Reports revealed that before the USDC, a stablecoin, weakened, Sparkster used four wallets and bought 10,921 Ethereum worth $15.58 million, with an average price of $1,427. The firm then sold the same amount of ETHs this morning and earned $17.24 million in return, with an average transaction price of $1,578. Sparkster’s trading strategy was efficient and impressive because it resulted in…

It is reported that the operation of stable currency issuer Circle: USDC will establish a new settlement agreement through Cross River Bank to provide customers with automatic USDC casting and redemption, effective from March 13, 2023. Circle: The operation of USDC will establish a new settlement agreement through Cross River Bank Analysis based on this information:Circle, a stable currency issuer of USDC, has reportedly signed a new settlement agreement with Cross River Bank to expand its offering of automatic USDC casting and redemption services to customers. This new feature will be effective starting March 13, 2023, and will likely provide greater convenience and flexibility for both individuals and businesses using the USDC stablecoin. The decision to partner with Cross River Bank is a strategic move for Circle, as the bank is known for its innovative fintech solutions that cater to individual and corporate clients alike. By leveraging the bank’s infrastructure, Circle is able to scale its USDC offering without having…

On March 13, Nansen said on Twitter that at 9:43 Beijing time, Circle cast about 407.8 million USDCs, which is the largest USDC cast in the past seven days. The hourly net change in the issuance of USDC is+463.8 million dollars. Circle cast about 400 million USDCs at 9:43 Beijing time Analysis based on this information:On March 13, Circle announced on Twitter that they had casted approximately 407.8 million USDCs, which marks the largest USDC cast in the past seven days. This announcement also revealed that there was a positive net change in the issuance of USDC, with an hourly increase of 463.8 million dollars. This message holds immense significance, as it reflects the demand for digital currencies in the current economic climate. Stablecoins such as USDC have gained significant popularity over the past year, as they are pegged to a stable asset, typically the US dollar, and provide traders and investors with a stable alternative to more volatile cryptocurrencies….

On March 13, it was reported that at about 7:15 today, the price of BTC-USDC transaction pairs on the money security platform suddenly reached $50000, and then returned to normal. At present, the transaction price of BTC-USDC is US $22621.71, up 9.64% in 24 hours. The USDC price is currently quoted at US $0.9918. The BTC-USDC trading pair on the coin reached 50000 US dollars in a short time this morning Analysis based on this information:The world of cryptocurrency never ceases to amaze us with its rapid and unpredictable changes. On March 13, something remarkable happened in the Bitcoin market. At around 7:15 AM, the price of BTC-USDC transaction pairs on the money security platform suddenly reached a staggering $50,000 before returning to the normal rate. This sudden spike and drop in value have left many crypto enthusiasts wondering what caused this unusual incident. As of now, the current transaction price of BTC-USDC is stated at $22,621.71, marking an impressive…

On March 13, Kris Marszalek, CEO of Crypto.com, tweeted: “The company’s risk exposure to Signature Bank is zero, and we are restoring all USDC services.” Crypto.com CEO: The company has no risk exposure to Signature and is restoring all USDC services Analysis based on this information:Crypto.com is a leading cryptocurrency platform that provides a range of services, including buying, selling, and storing of cryptocurrencies. The platform has been attracting a growing number of users who are looking for a secure and convenient way to manage their digital assets. However, on March 9, the company announced that it had temporarily suspended all USDC services due to the risk it posed to Signature Bank. USDC is a stablecoin that is pegged to the US dollar and is widely used in the cryptocurrency market. Signature Bank is the main custodian bank for USDC, which means that it holds the US dollar reserve that backs the cryptocurrency. In other words, USDC is only as…

According to reports, Ryan Selkis, founder of Messari, tweeted that in less than a week, the Crypto banking business had actually been closed. The message from Washington is clear that cryptocurrencies are not welcome in banking. From now on, the encryption industry should fully protect and promote USDC. Messari founder: The encryption industry should fully protect and promote USDC Analysis based on this information:The founder of Messari, Ryan Selkis, recently tweeted that the Crypto banking business had been shut down in the United States, sending jitters through the crypto community. Selkis’s tweet comes at a time when the regulatory authorities are cracking down on the use of cryptocurrencies, marking a clear shift in the legal and regulatory landscape. In less than a week, the Crypto banking sector, which had grown to accommodate a large number of crypto users, has been forced to either shut down or adopt a new strategy. According to Ryan Selkis, the message from Washington is clear…

On March 13, the official Twitter of Coinbase announced that it would resume the USDC conversion on Monday. Due to the regulatory closure of Signature Bank, Coinbase is currently facilitating cash transactions between all customers and other banking partners. Coinbase: cash balance at Signature Bank is 240 million US dollars Analysis based on this information:Coinbase is a digital currency exchange that offers customers an easy and secure way to buy, sell, and store cryptocurrency. Recently, the company had to temporarily suspend USDC (USD Coin) conversion due to the regulatory closure of Signature Bank. However, on March 13th, Coinbase announced on Twitter that it would resume USDC conversion on Monday. This news comes as a relief to customers who were temporarily unable to convert their USDC due to the bank closure. USDC is a stablecoin that is pegged to the US dollar, meaning that its value remains constant. This stability makes it an ideal cryptocurrency for people who want to use…

According to reports, Circle, the issuer of the USDC, issued a letter in response to the USDC\’s anchor withdrawal, saying that if the reserve of US $3.3 billion

It is reported that Conor, the business director of Coinbase, tweeted that it is noteworthy that a large part of USDCs are sticky and will not/cannot be redeeme

According to reports, Blockchain. com said on social media that Wallet now provides stable currency transactions. Earlier, Blockchain. com officially said that

According to the report, according to the data of CoinGecko, USDC is now quoting US $0.938, up 0.2% in one hour. The market fluctuates greatly. Please do a good

It is reported that Circle sent a notice to the trading company that the USDC transaction conducted through the Signature Banks Signet network will not be proce

It is reported that according to the data of coinmarketcap, the stable currency Djed on the Cardano chain has gained a premium higher than the market performance under the recent fluctuation of the US dollar stable currency USDC, even reaching US $1.08 at one time, and has now fallen slightly to US $1.02. In addition, the direct price difference between USDT and Djed has reached about 1%, while the trading volume has also continued to increase. The data also shows that Djed’s current reserve is about 33.28 million ADAs, the mortgage rate is 428%, and the fully diluted market value reaches 1018522837484 dollars. （u.today） The premium of the stable currency Djed on the Cardano chain once rose to $1.08 Analysis based on this information:The stable currency Djed on the Cardano chain is proving its worth amid the recent fluctuations of the US dollar stable currency USDC. According to data from coinmarketcap, Djed has gained a premium higher than the market…

According to reports, Glassnode data shows that the number of sending addresses of USDC has just reached 2156.935 in the past hour (the average of 7 days), reaching a three-month high. The number of USDC sending addresses reached a three-month high in the past hour Analysis based on this information:The cryptocurrency market has been an interesting one to watch, with the rise and fall of various digital assets over the years. One cryptocurrency that has managed to remain relatively stable is USD Coin (USDC). According to reports, Glassnode data reveals that there has been a spike in the number of sending addresses for USDC in the past hour, with an average of 2156.935 sending addresses recorded over the last seven days. This is the highest the number of USDC sending addresses has been in the past three months. USDC is a stablecoin that is pegged to the USD, meaning that it is designed to maintain a stable value of $1….