Crypto Biz: Coinbase-Circle re-alignment, Binance fiat hurdles, and USDC at Shopify
This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify’s take on USDC and China’s blockchain data exchange. This post was originally published on this site
Shopify to accept USDC payments with Solana: Report
Solana Pay has reportedly been added to Shopify’s payment solutions, giving millions of merchants access to cryptocurrencies.This post was originally published on this site
Coinbase takes equity stake in Circle as Centre Consortium shuts down
Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity.This post was originally published on this site
Circle preps $1B war chest to deal with market threats from PayPal and others
Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down.This post was originally published on this site
Binance drops majority of USD Coin reserves — Latest USDC news
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.This post was originally published on this site
Circle hires former CFTC, US Treasury executive as chief legal officer
Heath Tarbert will serve as the company’s chief legal officer and head of corporate affairs, bringing experience with all three branches of government.This post was originally published on this site
Tether (USDT) market cap breaks ATH, Binance CEO points at regulatory caps
At a time when USDT is touching new market cap highs, other stablecoins are struggling to keep their market share.This post was originally published on this site
USDT market share jumps amid economic uncertainty, USDC shrinks
Over the past year, Circle’s USD Coin has seen its market share decline from 34.88% to 23.05%. Tether’s USDT shows a contrasting picture. This post was originally published on this site
Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain.This post was originally published on this site
Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions
Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins […]