USDC

On March 13, it was reported that Coinbase has resumed the exchange of USDC and USD, which can be conducted normally through API and transaction platform UI. Coinbase has resumed the exchange of USDC and USD Analysis based on this information:Coinbase, one of the leading digital currency exchange platforms, has resumed the exchange of USDC and USD on March 13, 2021. Customers can now conduct their transactions normally through the Application Programming Interface (API) and transaction platform user interface (UI). This resumption follows a brief halt of the transactions due to technical difficulties; however, Coinbase has assured customers that the issue has been resolved. USDC is the digital currency token used on the Coinbase platform, and its value is pegged to the US dollar. This means that customers can buy USDC and use it to trade other digital currencies. On the other hand, the USD is a fiat currency, and Coinbase only supports USD deposits and withdrawals for verified US…

It is reported that Watchers monitoring data shows that Circle destroyed 314167155.05 USDC in a single transaction. Circle destroyed more than 300 million USDCs in a single transaction Analysis based on this information:Circle, one of the leading players in the cryptocurrency and blockchain industry, recently made headlines with an astonishing move. Watchers monitoring data reported that Circle destroyed a staggering sum of 314167155.05 USDC in a single transaction, causing a buzz in the crypto community. Before diving into the significance of this move, it’s essential to understand what USDC is. USDC is a stablecoin backed by the US dollar that is used for digital payments and transactions on online platforms. It’s a popular choice among cryptocurrency traders and investors who want to avoid the volatility of other digital assets such as Bitcoin and Ethereum. Now, let’s examine the impact of Circle’s move. Destroying USDC means removing it from circulation, essentially reducing the amount of USDC in the market. This move…

It is reported that Valor, the trading product provider of the crypto trading platform, confirmed today that the company and all its operating subsidiaries had no risk exposure with Silvergate Bank, Signature Bank and Silicon Valley Bank. The company also confirmed that SEBA Bank AG, one of its strategic investors, had no risk exposure with Silvergate Bank, Silicon Valley Bank and USDC. （prnewswire） Valor: No risk exposure with Silvergate Bank, Signature Bank and Silicon Valley Bank Analysis based on this information:The recent statement made by Valor, the trading product provider of the crypto trading platform, confirmed that the company and its operating subsidiaries do not have any risk exposure with major banks including Silvergate Bank, Signature Bank, and Silicon Valley Bank. In addition, Valor also confirmed that SEBA Bank AG, one of its strategic investors, also had no risk exposure with Silvergate Bank, Silicon Valley Bank, and USDC. This announcement is of great significance to Valor, as it assures the…

It is reported that according to Nansen’s data, the total balance of USDC in the address of “smart money” wallet is about 485 million dollars in 1396 wallets, down from 700 million dollars in 1455 wallets a month ago and 1.02 billion dollars in 1478 wallets a year ago. At the same time, the proportion of smart money in all stable currencies has dropped to 21%. At the beginning of this year, this proportion was close to 30%, and reached a record high of 38% at the end of August 2022. Data: The total position of USDC with smart money and active wallet addresses has reached a low point in several months Analysis based on this information:The message reports a steady decline in the total balance of USDC in smart money wallets. Nansen’s data reveals that the balance has dropped to about $485 million in 1396 wallets, a decrease from $700 million in 1455 wallets a month earlier and a…

According to reports, Lookonchain monitoring data showed that two days ago, before the USDC broke down, Sparkster’s four wallets used 15.58 million USDC to buy 10921 ETHs at an average price of 1427 dollars. These wallets sold 10921 ETHs this morning and obtained 17.24 million USDCs, with an average transaction price of 1578 dollars. Sparkster earned $1.65 million in two days. Sparkster-related wallets earned US $1.65 million from short-term trading ETH during the period of USDC’s anchoring Analysis based on this information:Sparkster, a blockchain-based platform that aims to simplify the development of software applications, recently earned $1.65 million in just two days through its cryptocurrency transactions. According to Lookonchain monitoring data, four wallets owned by Sparkster used 15.58 million USDC to buy 10,921 ETHs at an average price of $1,427 two days prior to the USDC breakdown. The wallets were able to sell the same number of ETHs this morning, earning 17.24 million USDCs at an average transaction price of…

On March 13, Nansen said on Twitter that at 9:43 Beijing time, Circle cast about 407.8 million USDCs, which is the largest USDC cast in the past seven days. The hourly net change in the issuance of USDC is+463.8 million dollars. Circle cast about 400 million USDCs at 9:43 Beijing time Analysis based on this information:Circle, a financial technology company, has cast an overwhelming 407.8 million USDC (USD Coin) in the past seven days, according to a tweet by Nansen on March 13. This marks the largest USDC cast by Circle in the last seven days. Furthermore, there has been a net change in the hourly issuance of USDC, with an increase of 463.8 million dollars in the past hour. USDC is a stablecoin, which means its value is pegged to the US dollar. It enables users to move money across different blockchain networks without the volatility risks associated with other cryptocurrencies like Bitcoin. USDC is issued by various companies,…

According to reports, Ryan Selkis, founder of Messari, tweeted that in less than a week, the Crypto banking business had actually been closed. The message from Washington is clear that cryptocurrencies are not welcome in banking. From now on, the encryption industry should fully protect and promote USDC. Messari founder: The encryption industry should fully protect and promote USDC Analysis based on this information:The message delivered by Ryan Selkis, founder of Messari, with regards to the closure of the cryptocurrency banking business in less than a week sends a clear signal to the entire cryptocurrency industry. The message signals the increasing efforts by Washington to discourage the integration of cryptocurrencies into the traditional banking system. The move by Washington is not entirely new as regulators in the US and other developed countries have been tentative towards the integration of the cryptocurrency industry with the banking system. However, the recent move signals that the situation has escalated to a new level,…

On March 13, the official Twitter of Coinbase announced that it would resume the USDC conversion on Monday. Due to the regulatory closure of Signature Bank, Coinbase is currently facilitating cash transactions between all customers and other banking partners. Coinbase: cash balance at Signature Bank is 240 million US dollars Analysis based on this information:On March 13, 2021, Coinbase, the leading US cryptocurrency exchange, announced on its official Twitter account that it would resume the conversion of USD Coin (USDC) to US dollars on Monday. This announcement comes after Coinbase had to suspend the USDC conversion feature due to regulatory closure of Signature Bank. Signature Bank, a New York-based financial institution, is one of Coinbase’s banking partners that processes cash transactions for its customers. However, on March 11, 2021, the New York State Department of Financial Services (DFS) ordered Signature Bank to cease and desist its dealings with a particular entity believed to be involved in money-laundering activities involving cryptocurrency…

According to reports, Circle, the issuer of the USDC, issued a letter in response to the USDC\’s anchor withdrawal, saying that if the reserve of US $3.3 billio…

It is reported that Conor, the business director of Coinbase, tweeted that it is noteworthy that a large part of USDCs are sticky and will not/cannot be redeem…

According to reports, Blockchain. com said on social media that Wallet now provides stable currency transactions. Earlier, Blockchain. com officially said that…

According to the report, according to the data of CoinGecko, USDC is now quoting US $0.938, up 0.2% in one hour. The market fluctuates greatly. Please do a goo…

It is reported that Circle sent a notice to the trading company that the USDC transaction conducted through the Signature Banks Signet network will not be proc…

According to the report, the loan agreement Aave said that in view of the current fluctuations around the stable currency, the Aave DAO has frozen USDC, USDT, …

It is reported that according to the data of coinmarketcap, the stable currency Djed on the Cardano chain has gained a premium higher than the market performance under the recent fluctuation of the US dollar stable currency USDC, even reaching US $1.08 at one time, and has now fallen slightly to US $1.02. In addition, the direct price difference between USDT and Djed has reached about 1%, while the trading volume has also continued to increase. The data also shows that Djed’s current reserve is about 33.28 million ADAs, the mortgage rate is 428%, and the fully diluted market value reaches 1018522837484 dollars. （u.today） The premium of the stable currency Djed on the Cardano chain once rose to $1.08 Analysis based on this information:The recent fluctuations of the US dollar stable currency (USDC) have highlighted the outstanding performance of the Djed stablecoin on the Cardano chain. According to data from coinmarketcap, Djed has gained a premium higher than the market…

According to reports, Glassnode data shows that the number of sending addresses of USDC has just reached 2156.935 in the past hour (the average of 7 days), reaching a three-month high. The number of USDC sending addresses reached a three-month high in the past hour Analysis based on this information:Cryptocurrencies have shaken the traditional financial markets with their innovative technology and ease of use. Among the virtual currencies, USDC has grown to become one of the most popular and widely used digital assets worldwide. USDC, a stablecoin cryptocurrency that is backed by the US dollar, has witnessed a surge in its sending addresses, reaching a three-month high. According to reports, Glassnode data shows that the average of seven days of sending addresses of USDC has just reached 2156.935 in the past hour, higher than the numbers recorded in the last few months. This surge in sending addresses points towards the continued growth of USDC and its increasing adoption rate among…

According to reports, IOSG Ventures issued a statement that it had never conducted any USDC transactions in the past 7 days, and its exposure to SVB and Silvergate was zero. IOSG Ventures: zero exposure to SVB and Silvergate Analysis based on this information:The statement issued by IOSG Ventures has raised several questions regarding its involvement in USDC transactions and exposure to SVB and Silvergate. According to the reports, the venture capital firm has claimed that it has not conducted any USDC transactions in the last seven days, and furthermore, its exposure to the two financial institutions is zero. This statement has left many market observers and investors perplexed, as IOSG Ventures is known to be one of the biggest players in the crypto world. The firm is a prolific investor in the crypto market, and its portfolio includes some of the biggest names in the space, including Ethereum, Cosmos, and Avalanche. The denial of recent USDC transactions and zero exposure…

On March 12, Nansen data showed that Circle destroyed USDCs worth 649.3 million dollars and cast USDCs worth 16.7 million dollars in the past 24 hours. The trend was significantly slower than that of destroying USDCs worth 2.34 billion dollars and casting USDCs worth 366 million dollars the previous day. Circle destroyed USDCs worth 649 million in the past 24 hours Analysis based on this information:Circle, a leading financial technology firm, has been making headlines recently for its massive destruction and casting of USD Coin (USDC), a stablecoin pegged to the US dollar. On March 12, the Nansen data reported that Circle destroyed USDCs worth $649.3 million and cast USDCs worth $16.7 million in the past 24 hours. However, the trend was significantly slower than that of the previous day when Circle destroyed USDCs worth $2.34 billion and cast USDCs worth $366 million. The sudden and massive destruction of USDCs by Circle has raised concerns among investors and cryptocurrency enthusiasts….

On March 12, Jeremy, the founder of Circle, tweeted that USDC\’s $3.3 billion cash reserves remained in SVB. As of Thursday, we have started to transfer these f…

According to the report, according to CoinGecko data, the price of USDC has rebounded to above US $0.96 and is currently at US $0.961463.

USDC has rebo…