Coinbase Says USDC Reserves to Be Held In Cash, Short-Term Treasurys From September
President and COO Emilie Choi in a Twitter post on Monday clarified earlier language on the crypto exchange’s website.
USDC and Circle Contributing By Partnership to DAO Proliferation
Catch up on the latest crypto market news at The Currency Analytics. The liquidity of USDC makes use of the machinery of the Circle Account.
Circle USDC Begins Paperwork To Become Digital Currency Bank
Circle announced that it has started the paperwork to become approved as a federally chartered digital currency bank after seeking a merger with Concord Acquisition Corp on Aug 09. According…
Coinbase Criticized for USDC’s Unclear Dollar Backing
The stablecoin’s actual backing policies are more complex than criticism suggests.
Coinbase Removes USD Coin (USDC)”Backed By Dollar” Statement
Tether (USDT) now has an advantage over USD Coin (USDC). As a result, Circle’s dollar-pegged stablecoin, USDC, lost one of its largest leveraging stances to its main competitor, USDT.
Breaking: DAO Maker Becomes Latest Defi Hack Victim, 10,000 USDC Accounts Affected
The number of Defi protocols getting hacked continues to increase another protocol fell prey to the attack. Dao Maker, a crowdfunding platform was hacked and hackers managed to steal USDC…
Change for USDC: removal of the words “backed by the US dollar”
The stablecoin has a new definition on Coinbase
Coinbase Admits Its USDC Stablecoin Not Fully Backed By Dollar
US-based cryptocurrency exchange Coinbase Inc. (NASDAQ: COIN) admitted that USD Coin (CRYPTO: USDC) — a stablecoin that it launched in collaboration with fintech firm Circle — is not fully backed…
Coinbase Drops Guarantee of USDC Stablecoin-to-Dollar Backing
Coinbase has dropped the guarantee that each USD Coin stablecoin is backed by an equivalent dollar amount. The post Coinbase Drops Guarantee of USDC Stablecoin-to-Dollar Backing appeared first on BeInCrypto.
Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin
The Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank account.”
