Tag: usdc

Cryptory.net - Crypto users are fleeing Circle's stablecoin USDC and switching to Tether's USDT, which is reaching the highest market share over the past 22 months.

Mastercard has entered a partnership that will allow retail customers in the APAC region to spend their stablecoins anywhere that Mastercard is accepted.

The cryptocurrency market is in green after the US government’s decision to rescue Silicon Valley Bank.

CEO Jeremy Allaire of Circle – the company behind stablecoin USDC – gave the latest announcement about USDC’s volatility and solution for the recent crisis.

The value of USDC fell off the $1 mark after the parent company Circle admitted to relating to Silicon Valley Bank.

According to Forbes, crypto exchange Binance supposedly moved $1.8B of collateral to other parties in 2022.

The stablecoin battle is becoming fiercer than ever as Binance USD (BUSD) fell out of the top 10 by capitalization. Meanwhile, Tether (USDT) holds more than 50% market share. But will this ratio be maintained as other competitors are not inferior?

Tether has overtaken the largest payment networks in terms of transaction volume, according to a Jan 14 tweet.

Japanese regulators are expected to remove some major crypto restrictions regarding the use of stablecoins such as Tether (USDT), USD Coin (USDC).