🔍 USDC De-Pegs & Bitcoin Rallies If you haven’t been living under a rock, you’re probably inundated...Looming uncertainty over the backing of USDC caused the token to de-peg and trade as low as $0.85....While USDC has since recovered, the event threw a surprise stress test for much of DeFi.

More than $4 million of SOL and USDC were stolen with over 15k wallets affected....creates strategy vaults that generate sustainable, risk-hedged yields on core crypto assets including USDC...USDC Vault This vault accepts USDC and generates yield by providing liquidity to GMX’s leveraged perpetual...

Shuffle ($SHFL): Stacking USDC from Casino Profits While Awaiting Rerating Crypto casinos operate at...This flight-to-safety behavior, combined with genuine USDC yields, presents an attractive risk-adjusted...Because the pool is funded with hard-cash (USDC) revenue – not token emissions – every staker receives...

USDC Grows as USDT Lags USDC has grown massively over the past year, recently crossing $50B in supply...USDT is still the market cap leader, although its growth has slowed down compared to USDC since May 2021...The USDC/USDT supply ratio has grown from 0.2 to 0.64 over the past year.

USDC Flips USDT on Ethereum USDC has gradually become Ethereum’s most popular stablecoin, as it eclipses...For the most part, USDC’s goodwill in the Ethereum ecosystem has been driven by uncertainty around Tether...USDC has said that the tokens are mostly backed by cash and cash equivalents as well as short-term treasury...

Going to run some napkin math here on USDC. As a disclaimer, this is napkin math....With $3.3b reported at SVB, this would give ~$0.92/USDC excluding svb assets and $0.98/USDC assuming...increasing the socialized losses to current holders (every redemption at 1:1 leaves less for remaining USDC...

...disclaimer that I am not a banking expert and this is meant to distill my personal thoughts around the USDC...At the moment, USDC trades at $0.88, which is a bit unreasonable per the current scenario. $0.88 assumes...(Image above: USDC Market cap via Coingecko) Circle keeps most of its treasury bills in short-term notes...

Cosmos has USDC....Noble started minting USDC today and so the Cosmos eco no longer needs to rely on bridged USDC from Ethereum...Osmosis has already put through a proposal to make Noble USDC the canonical USDC over Axelar USDC (wrapped...In addition to USDC, the Cosmos Hub LSM (liquid staking module) is also going live tomorrow, allowing...

Circle announced the launch of native USDC on Arbitrum today....Users who have USDC on Arbitrum are now using USDC on Arbitrum natively; they no longer have to deal...with bridged USDC from the L1....Circle will burn the USDC on L1 and re-issue the USDC on L2. When bridging back, the reverse....The USDC that has been brid...

So say USDC was first on the blacklisted DAI?...Because their whole protocol is built around USDC....So when the USDC depegged, what you could do is, first of all, if you had USDC then even though it’s...And then we have even more dependency around USDC....The USDC is still not really coming back, right?

And over 2017, as Ethereum matured, we started working on what was then USDC....We fund all our deals in USDC. We yield on USDC. We pay people in USDC....Is it a MultiChain future for USDC? Is it new initiatives? What’s phase two for you? ...What are the use cases for USDC?

Circle announces native USDC support on 5 more blockchains, and unveils a tool to facilitate cross-chain...USDC to $2!...🚨 In Case You Missed It Circle announces native USDC support on Arbitrum, Cosmos, NEAR, Optimism...USDC […]...

USDT was being sold off and USDC was being bought, causing the USDC to rise to a peak of $1.06....USDC/USDT was trading at ~1.1 at the peak of the depeg....Why did USDT take a hit and not USDC?...USDC is 100% backed by cash and short-term U.S....Government debt, ensuring that 1 USDC is always backed by 1 USD.

Treasury and Circle freezing USDC in addresses belonging to Tornado Cash users has been the talk of the...Treasury and Circle freezing USDC in addresses belonging to Tornado […]...

Today, Delphi has given me 1,000 USDC to purchase a Crypto Raider and use it to compete in daily tournaments...You’ll also need to have some WETH and/or USDC on the Polygon Network....I’ll take my USDC that’s on ETH, and send that over to the Polygon Network....Here’s how we will be spending our 1000 USDC: Buying one raider (100 USDC in ETH on Polygon) and 300...

Compound is a decentralized lending middleman: anyone can deposit ETH, DAI, USDC or other assets and...

With investors and traders taking profits into stablecoins, the supply of USDC, USDT, and DAI (amongst...USDC, BUSD Expand Market Share USDT is the largest stablecoin by market cap, but USDC and BUSD have...Exactly one year ago, USDT accounted for 78% of all stablecoins on Ethereum while USDC made up just 13%...

...of DeFi, the majority of the stablecoin market is held by centralized stablecoins such as USDT and USDC...However, users increasingly opt for centralized stables like USDC and USDT due to their convenience,...Throughout this time, the dominant collateral type has shifted from ETH to USDC and has now become RWA...

Additionally, UMA decided to add liquidity mining incentives for LPs that provide yUSD liquidity to the yUSD/USDC...

Importantly, there is not $133m of USDC backing the token as collateral....In fact, when FRAX launched it was 100% collateralized by USDC....FRAX / USDC 2.) FRAX / WETH 3.)...Unlike the FRAX / USDC pool, impermanent loss will affect the FRAX / FXS pool....why the added stability USDC provided at launch was important.