Cointime

Download App
iOS & Android

USDC

ALL From USDC

USDC Treasury minted nearly 80 million USDC at around 3:53 today

Whale Alert monitored that USDC Treasury minted nearly 80 million USDC today. Around 3:53 am today, 79,491,382 USDC was newly minted, worth about $79,547,026.

Circle CEO: International support for USDC minting and redemption expanded from 88 countries to 185 countries

On January 12th, it was announced by Jeremy Allarie, co-founder and CEO of stablecoin issuer Circle, on social media that international support for the minting and redemption of USDC has expanded from 88 countries to 185 countries.

USDC circulation increased by approximately $300 million in the past week

As of January 4th, Circle has issued a total of 2.3 billion USDC and redeemed approximately 2.1 billion USDC in the past 7 days, with circulating supply increasing by about 300 million USDC. The total circulating supply of USDC is 25.1 billion USDC, with a reserve of 25.1 billion USDC.

Circle's USDC Stablecoin Falls to $0.74 Amid Market Sell-Off Following Bitcoin ETF Doubts

Circle's stablecoin USDC experienced three drops to as low as $0.74 against its trading pair USDT on Binance, before quickly bouncing back to $1, due to a lack of liquidity to maintain its $1 peg. This occurred during a marketwide sell-off triggered by a report suggesting that the SEC may reject spot bitcoin ETF applications this month. The USDC/USDT pair has a skewed 2% market depth on Binance, with $26 million in orders stacked up to $1.02 and $6.1 million in orders stacked down to $0.98, meaning that a sell order larger than $6.1 million would cause the price to fall below $0.98. Over $500 million in derivative positions were liquidated following the report by Matrixport.

Radiant Capital suspends lending market on Arbitrum for further investigation

According to a post by Radiant Capital on X, there have been reports of issues with the newly created native USDC market on Arbitrum. After verification by Radiant developers and the wider Web 3 security community, the Radiant DAO committee has temporarily suspended the lending market on Arbitrum.No action can be taken until the market on Arbitrum is released from suspension. Once the issue is fully resolved, a detailed post-mortem analysis will be released and the Arbitrum protocol will resume normal operation.

USDC circulation increased by 100 million in the past 7 days

According to official data , Circle issued 1.9 billion USDC and redeemed 1.8 billion USDC in the past seven days, increasing the circulation by 100 million USDC. As of December 28th, the total circulation of USDC was 24.8 billion US dollars, with a reserve of 24.9 billion US dollars, including 2.6 billion US dollars in cash, and the Circle Reserve Fund held 22.3 billion US dollars.

The address starting with 0xf8c had 710,000 USDC stolen due to a zero-transfer phishing attack.

According to PeckShield monitoring, an address starting with 0xf8c was hacked in a zero transfer phishing attack and 710,000 USDC was stolen.<br>Phishing address: 0x949D0DbE58c77EEF31eDAB5E476f41E4F5ef861B.

USDC circulation increased by US$300 million in the past week

As of December 21, Circle issued a total of 1.8 billion USDC and redeemed 1.5 billion USDC in seven days, increasing the circulation by 300 million US dollars. The total circulation of USDC is 24.7 billion US dollars, with a reserve of 24.8 billion US dollars, including 2.5 billion US dollars in cash, and Circle Reserve Fund holds 22.3 billion US dollars.

Radiant Capital launches community proposal vote to use native USDC as collateral

Radiant Capital, a multi-chain lending protocol, initiated a community proposal to vote on using native USDC as collateral. The voting will continue until 8:00 PM Eastern Time on December 24th, 2023.

Circle and Fuze sign MOU

The issuer of the US dollar stablecoin USDC, Circle, has announced the signing of a memorandum of understanding with digital asset infrastructure provider Fuze, aimed at expanding the adoption of USDC stablecoins in the Middle East and North Africa region. The goal is to extend USDC to institutions such as banks, fintech companies, traditional enterprises, and Web3 companies in the relevant regions.