stablecoin

Crypto investors pulled around $3 billion (roughly Rs. 24,840 crore) overall from the stablecoin USDC in three days, the company behind the token said in a blog post on Thursday, as investors rushed to redeem their holdings in the wake of…

SINGAPORE, - Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and as cryptocurrency firm Circle assured investors its peg was…

Cryptocurrency firm Circle said all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole and the $3.3-billion USDC reserve deposit held at Silicon Valley Bank will be fully available when banks open on…

USD Coin (USDC), a stablecoin abd world's fifth-biggest cryptocurrency slumped to an all-time low on Saturday after it was revealed that Circle, the US-based firm operating the coin had invested $3.3 billion of its reserves in the…

Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday after Circle, the U.S. firm behind the coin, revealed that some of the reserves backing it were held at Silicon Valley Bank.Circle has $3.3 billion of…

Meanwhile, US crypto exchange Coinbase said in a tweet it was not allowing USDC to be exchanged for US dollars over the weekend while banks are closed, citing "heightened activity", while it plans to resume swaps on Monday. Circle did not…

The firm behind Binance's stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal…

SINGAPORE : About $2.5 billion flowed out from Binance's stablecoin this week, Binance's CEO said on Twitter, after U.S. regulators turned their sights on the cryptocurrency.Most of the money has moved from Binance USD into Tether,…

The firm behind Binance's stablecoin, Paxos Trust Company, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is considering taking action against the…

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