Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.
Circle
Circle Seeks to Register in France, Ramping Up European Play
The stablecoin issuer wants to expand European operations and prepare for new reserve requirements under the EU’s MiCA law.
Signature Bank’s Signet Platform Still Works, But Some Clients Have Moved On
A source told CoinDesk the real-time payments platform, popular with crypto businesses, will continue to be offered under the newly established Signature Bridge Bank entity.
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
The company plans to use corporate resources to fill the gap, including external capital.
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
Circle’s USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners.
Circle Confirms $3.3B of USDC’s Cash Reserves Stuck at Failed Silicon Valley Bank
Silicon Valley Bank, one of the reserve banking partner for Circle’s USDC stablecoin, was shut down by regulators on Friday.
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank’s Shutdown
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank.
USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
In its first statement following the collapse of Silicon Valley Bank, Circle declined to state how much cash it has tied up at the bank.
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
USDC dropped to $0.973, its lowest level since the collapse of FTX.
Dapper Removes ACH Withdrawal Option, Citing Circle
Wire transfer and USDC remain an option for Dapper users.