Circle is reportedly debuting USDC on six new blockchains including Polygon PoS, Base, Optimism, Polkadot and Cosmos.
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USDC issuer Circle Internet Financial has announced a reduction in its focus in an effort to strengthen its balance sheet.
Circle has ditched all U.S. Treasury bonds from the $24 billion reserve fund backing its USDC stablecoin. The move was in response to the ongoing debt ceiling crisis in the United States.
Circle's CCTP allows for more secure USDC transfers between Ethereum and Avalanche by using a burn and mint mechanism instead of cross-chain bridges.
Coinbase reportedly offered a $3.3 billion credit line to Circle to ensure liquidity for USDC following the FDIC's decision to shut down Silicon Valley Bank.
Summary: Crypto exchange Coinbase reinstated USDC/USD conversions on Monday after turbulence over the weekend. Circle previously halted stablecoin minting after...
Summary: The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community. Yearn Finance’s...
Circle's SPAC deal meant to take the USDC issuer public was delayed by the SEC until the agreement expired in December 2022.