USDC | ForkLog

ForkLog 11 18.05.2023

USDC issuer channels $8.7 billion into repos as a hedge against a US default

Circle, the issuer of USD Coin (USDC), transferred $8.7 billion into the stablecoin's collateral from T-Bills maturing after May 31 into an overnight repo.

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ForkLog 16 11.05.2023

Circle increases stake in US Treasury bills amid US default risk

The issuer of USD Coin (USDC), Circle, revised the collateral structure of the stablecoin in favour of short US Treasury bills to mitigate potential technical default risk.

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ForkLog 19 26.04.2023

Circle launches cross-chain USDC transfers between Ethereum and Avalanche

Circle, the issuer of {{AOPEN_1}}USD Coin (USDC){{ACLOSE_1}}, launched on mainnet the Cross-Chain Transfer Protocol (CCTP) to move {{AOPEN_2}}stablecoin{{ACLOSE_2}} across blockchains. The solution is initially implemented for Ethereum and Avalanche.

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ForkLog 12 26.04.2023

Circle CEO attributes USDC’s decline in market capitalization to regulator actions

Regulatory actions against crypto firms have been the main factor behind the decline in {{AOPEN_1}}USDС{{ACLOSE_1}}'s market capitalization. In an interview with Bloomberg, Circle CEO Jeremy Allaire said.

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ForkLog 23 11.04.2023

USDC supply stabilises after Silicon Valley Bank collapse

Following a wave of USDC redemptions linked to the SVB collapse and the loss of dollar parity, the coin's supply slowed its decline.

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ForkLog 18 29.03.2023

Circle to launch USDC stablecoin in the Cosmos ecosystem

The USD Coin (USDC) stablecoin from the issuer Circle will be launched in the Cosmos ecosystem. The issuing platform will be the Noble project.

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ForkLog 17 18.03.2023

Moody’s: USDC depeg could erode trust in stablecoins

Analysts at Moody’s believe that the recent depegging of USD Coin (USDC) from the US dollar could hamper the development of stablecoins and lead to tighter regulation.

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ForkLog 17 16.03.2023

USDT doubles USDC in market capitalization

USDT's market capitalization rose to $74.7 billion, almost double that of its nearest competitor.

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ForkLog 19 15.03.2023

Circle trims USDC supply by 4.5 billion coins in five days

From March 10, Circle, the co-issuer of the stablecoin USD Coin (USDC), redeemed about 6.2 billion USDC, according to data from Arkham.

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ForkLog 24 13.03.2023

Circle reassures on resolving USDC banking-support issues.

The price of the stablecoin USDC has nearly returned to par amid statements from regulators and the coin’s issuer, Circle.

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ForkLog 26 12.03.2023

MakerDAO to adjust protocol parameters to limit USDC problems’ impact on DAI

In an 'emergency vote', the MakerDAO community approved a proposal to adjust protocol parameters. The changes are intended to limit the impact of USD Coin (USDC) problems on the decentralized stablecoin DAI.

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ForkLog 23 12.03.2023

Circle promises to cover ‘any shortfall’ in backing for USDC

Circle uses corporate funds and “external capital” to back USD Coin (USDC) if it is unable to timely and fully return part of the stablecoin reserves held on accounts at Silicon Valley Bank.

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