Circle’s USDC Stablecoin Has Lost All Its Post-Terra Gains
USDC has lost 12% from its market cap since Binance announced last month that it would auto-convert exchange balances to its own BUSD stablecoin.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Binance Labs-backed Initia hacked again, $3.3M lost in three weeks
The Initia blockchain was halted Tuesday morning after suffering its second security incident in less than three weeks. An infrast...
Hyperscale Data (GPUS) Sells Its Last Bitcoin for AI Data Center, Months After Chasing $100 Million Treasury
Bitcoin Magazine Hyperscale Data (GPUS) Sells Its Last Bitcoin for AI Data Center, Months After Chasing $100 Million Treasury Hype...
Goldman, Citi and Other Banks Reportedly Fund $270 Million Stablecoin Initiative
The stablecoin venture that 21 financial firms unveiled in September has about $270 million in commitments from its backers, with...
Crypto News Today: Waller’s Rate-Hike Warning, MARA’s $1.1B Bitcoin Sale and USDC’s EU Deadline
Crypto news today is being shaped by three different pressures on digital money: a Federal Reserve official keeping a half-point r...
Circle and Global Citizen bring USDC payments to Move Afrika concerts in Africa
The partnership could enhance financial inclusion and economic growth in Africa by leveraging digital currency for faster, cost-ef...
Monad Is Now a Settlement Option in Visa’s Stablecoin Program
Monad, a Layer 1 (base-layer) blockchain, is now one of the networks that banks and payment firms in Visa’s stablecoin settlement...