Circle Will Launch USDC on Celo Network
Circle plans to introduce USDC, a stablecoin pegged to the US dollar, to the Celo blockchain network. To enhance its capacity and performance, Celo, a blockchain network that operated independently at first, is joining the Ethereum network as a Layer 2 scaling solution. “Circle is proud to join the mission-driven Celo ecosystem as a blockchain […]
Radiant Capital Suspends Arbitrum Markets After Flash Loan Attack
In response to allegations of a $4.5 million attack affecting one of its newly created USDC Coin (USDC) markets, Radiant Capital has suspended its lending and borrowing markets on Arbitrum. “Today, we received a report of an issue with the newly created native USDC market on Arbitrum,” Radiant stated in a post on X (formerly […]
Binance Reintroduces USDC Trading Pairs After One-Year Break
Just one year after eliminating USDC in order to focus on stablecoin liquidity, cryptocurrency platform Binance is bringing trading pairs back with the currency. In a press statement on December 27, cryptocurrency exchange Binance said it is bringing back a select trade pairings using Circle’s USDC stablecoin. The release states that on December 28 at […]
Circle Launches USDC Stablecoin on Base, OP Mainnet
A plan to launch USDC on six blockchain networks, including Polygon PoS, was announced by the Boston-based stablecoin issuer Circle. Users of Base, a decentralized network hatched by Coinbase, now have access to layer-2 native USDC and USDC liquidity. As a result, a bridge is not required to transfer the second-largest stablecoin in crypto to […]
Bitwage Halts USDC Payments for US Residents
The cryptocurrency payroll startup Bitwage announced it would stop accepting payments in USD Coin (USDC) from Americans in an email to customers on July 5. Bitwage warned that users who failed to remove their USDC allotment by July 13 would have their accounts reset. Financial officials in the United States have tightened their regulatory monitoring […]