U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries
Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law.
Crypto News
Regulation
Crypto News
General
Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates
A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates.
Crypto News
General
USDC Backed by $55.7 Billion in Reserves Mostly Held in U.S. Treasuries
USDC is sufficiently backed with $55.7 billion in reserves mostly held in U.S. Treasuries and cash in regulated banks.
Crypto News
Exchange
Coinbase will unify the USDC and USD Order Books to Boost Liquidity
Coinbase will on July 13 unify the USDC and USD order books to boost liquidity and enhance trader experience.
Crypto News
Ethereum
USDC Flips USDT Daily Average Transactions on Ethereum
For the first time in the history of USDC, the stablecoin posted more transactions on the Ethereum network than USDT.
Crypto News
DeFi
Ethereum Whales Prefer USDC over USDT after UST Crash
Ethereum whales, mainly DeFi protocols, custodians, and cryptocurrency exchanges, prefer USDC over USDT following the UST de-peg.
DeFi
Justin Sun and the TRON DAO Plan to Launch a Stablecoin Backed by $10 Billion worth of Crypto Assets
The TRON DAO and Justin Sun plan to launch a decentralized algorithmic multi-chain stablecoin dubbed USDD by May 5, 2022.