Justin Sun-related wallet made over $3M from USDC depeg
On-chain investigator Lookonchain reported that a wallet “possibly” connected to Tron founder Justin Sun made $3.3 million from USD Coin (USDC) March 11 depeg.
USDC records largest single burn amid bank collapse
Amid the recent USDC depegging, USDC has now recorded the largest single burn having seen a burn of 723 million USDC as the stablecoin recorded almost $2.2b burns since the…
Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows
USD Coin holders are not rushing back to holding the token just yet.
Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank
Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT.
Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
Nearly 4 billion USDC has been removed from the circulating supply since Friday with more USDC being burned than minted, data shows.
Biggest USDC burn on record just occurred, net redemptions since Friday reach $4.5 billion
A total of $723.5 million was sent to a null address and burnt in what was the biggest USDC redemption on record.
How Did the SVB Bankruptcy Affect USDC?
Unless you have been living under a financial rock, you must have noticed the downfall of the SVB bank. It’s one of the three banks that went down in quick…
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse
The USDC stablecoin regained its peg to the U.S. dollar, according to CoinGecko, after falling below the $1 value it was supposed to hold as the federal banking and finance…
Why Did USDC Depeg? Circle CEO Gives the Inside Story
Jeremy Allaire detected irony in how his crypto company needed to be rescued from the banking system this week.
Gibraltar’s Xapo Bank Enables GBP and USDC Payments Amid U.S. Crypto Banking Crisis
The retail-focused bank will be allowing users to make payments directly to and from ther U.K. accounts or wallets.
