Bybit trading volumes surge amid USDC volatility
Bybit’s trading volumes surged following the USDC de-peg and volatility
Circle clears “substantially all” USDC minting and redemption requests
Circle Internet Financial seems to have successfully navigated the challenges posed by the chaos in the banking system. The stablecoin giant was caught in the turmoil induced by the liquidation…
Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
Circle says USDC minting, redemption backlogs are all substantially resolved after wild week
After the weekend’s depegging of the stablecoin, Circle, which issues USDC, has declared that substantially all the minting and redemption backlogs have been resolved.
USDC Minting And Redemption Backlog Almost Cleared By Circle
USDC stablecoin investors panicked when Circle announced its exposure to the shuttered banks, and Circle’s latest report on USDC Reserves and attestation from Deloitte, the global audit company, confirms the…
Circle Claims to Have Cleared ‘Substantially’ All USDC Minting and Redemption Backlog
Circle is working on adding more transaction banking partners.
Circle Investors Redeem $3 Billion in USDC
Cryptocurrency investors have withdrawn a net $3 billion in Circle’s USDC coin this week. Circle said on its blog Wednesday (March 15) evening that it had “cleared substantially all of…
USDC Survives Silicon Valley Bank Collapse and Clears Backlog
Circle, the issuer of USDC, announced that they had cleared all the backlog of minting and redemption. The stablecoin got depegged over the weekend.
Circle Update on USDC Operations
Circle, the issuer of dollar-based stablecoin USDC, was hammered when it was announced that the Fintech held $3.3 billion at Silicon Valley Bank (NASDAQ:SIVB). For a long minute, things looked…
Crypto investors pull $3 bln from stablecoin USDC in three days
Crypto investors pulled around $3 billion overall from the stablecoin USDC in three days, the company behind the token said in a blog post on Thursday, as investors rushed to…
