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#usdc
ziyan74
@ziyan74 in Status·a year ago

#Circle Financial Confident in #USDC Stability Despite SVB Failure Circle, the issuer of the second-largest

ziyan74
@ziyan74 in Status·a year ago

“handle significant #volume” and that the firm will “stand behind #USDC and cover any shortfall using corporate resources, involving external capital if necessary

ziyan74
@ziyan74 in Status·a year ago

On Saturday, March 11, 2023, Circle Financial updated the public about its #stablecoin, #USDC, and noted that

ziyan74
@ziyan74 in Status·a year ago

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to 'Stand #Behind #USDC and Cover Any Shortfall

ziyan74
@ziyan74 in Status·a year ago

issuance and redemption is constrained by the #working hours of the U.S. banking system.” Circle’s stablecoin #USDC dropped to a low of $0.877 per unit on Saturday, March

ziyan74
@ziyan74 in Status·a year ago

#Monday, the stablecoin issuer noted, “#USDC will remain redeemable 1-for-1 with the U.S. dollar.”

ziyan74
@ziyan74 in Status·a year ago

#SVB Failure Circle, the issuer of the second-largest stablecoin by market capitalization, usd coin (#USDC), addressed the public on Saturday, 

ziyan74
@ziyan74 in Status·a year ago

While usd coin (#USDC) is a crypto asset that operates 24/7 on various #blockchains, Circle emphasized that “

ziyan74
@ziyan74 in Status·a year ago

Circle said that while $3.3 #billion in #USDC cash reserves are held at SVB,

ziyan74
@ziyan74 in Status·a year ago

#Circle Financial Confident in #USDC Stability Despite SVB Failure Circle, the issuer of the second-largest

ziyan74
@ziyan74 in Status·a year ago

“handle significant #volume” and that the firm will “stand behind #USDC and cover any shortfall using corporate resources, involving external capital if necessary

ziyan74
@ziyan74 in Status·a year ago

On Saturday, March 11, 2023, Circle Financial updated the public about its #stablecoin, #USDC, and noted that

ziyan74
@ziyan74 in Status·a year ago

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to 'Stand #Behind #USDC and Cover Any Shortfall

ziyan74
@ziyan74 in Status·a year ago

issuance and redemption is constrained by the #working hours of the U.S. banking system.” Circle’s stablecoin #USDC dropped to a low of $0.877 per unit on Saturday, March

ziyan74
@ziyan74 in Status·a year ago

#Monday, the stablecoin issuer noted, “#USDC will remain redeemable 1-for-1 with the U.S. dollar.”

ziyan74
@ziyan74 in Status·a year ago

#SVB Failure Circle, the issuer of the second-largest stablecoin by market capitalization, usd coin (#USDC), addressed the public on Saturday, 

ziyan74
@ziyan74 in Status·a year ago

While usd coin (#USDC) is a crypto asset that operates 24/7 on various #blockchains, Circle emphasized that “

ziyan74
@ziyan74 in Status·a year ago

Circle said that while $3.3 #billion in #USDC cash reserves are held at SVB,

ziyan74
@ziyan74 in Status·a year ago

Meanwhile, #USDC is currently trading at nearly its #intended peg of $1 after experiencing substantial redemptions and a market cap decline of over $3 billion amidst the ongoing situation involving US banks.

ziyan74
@ziyan74 in Status·a year ago

On March 13, days after the USDC depegging, Circle announced #Cross River as its new commercial #banking partner to produce and redeem #USDC.

ziyan74
@ziyan74 in Status·a year ago

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

ziyan74
@ziyan74 in Status·a year ago

On March 13, days after the USDC depegging, Circle announced #Cross River as its new commercial #banking partner to produce and redeem #USDC.

ziyan74
@ziyan74 in Status·a year ago

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

ziyan74
@ziyan74 in Status·a year ago

#Traders Bet on #USD #Coin Rebound as #USDC Falls to 90 Cents

ziyan74
@ziyan74 in Status·a year ago

What is your opinion on this situation and, above all, how do you react to it? Did you save your funds early in #Usdt #Usdc or are you just hoping that it will all be over soon and the bull market should be there soon anyway? 

kangkung
@kangkung in Status·a year ago

Every #blockchain needs a canonical and fungible version of #USDC, and #Noble exists to fulfill this critical need.”

kangkung
@kangkung in Status·a year ago

In its announcement, the Noble team said that #USDC will be the first “native, fiat-backed #stablecoin that is highly liquid and fully collateralized” on a Cosmos Inter-#Blockchain Communication Protocol-connected network. 

kangkung
@kangkung in Status·a year ago

#Neither #Circle nor #Noble gave out a specific date for #USDC’s launch on the network, but both said that readers should “stay tuned.”

kangkung
@kangkung in Status·a year ago

#USD #Coin will soon be available in the #Cosmos ecosystem via the #Noble network, according to a blog post from the Noble development team. The post was shared on Twitter by #USDC issuer #Circle.

viyanh
@viyanh in Status·a year ago

#Traders Bet on #USD #Coin Rebound as #USDC Falls to 90 Cents

viyanh
@viyanh in Status·a year ago

What is your opinion on this situation and, above all, how do you react to it? Did you save your funds early in #Usdt #Usdc or are you just hoping that it will all be over soon and the bull market should be there soon anyway? 

viyanh
@viyanh in Status·a year ago

Great news for crypto investors! U.S. authorities take action to stabilize banking system and Circle reassures investors of #USDC's peg. Bitcoin is up 8% and Ethereum up 12%. Stay calm and #HODL on! 💪#cryptocurrency #investing

ziyan74
@ziyan74 in Status·a year ago

Meanwhile, #USDC is currently trading at nearly its #intended peg of $1 after experiencing substantial redemptions and a market cap decline of over $3 billion amidst the ongoing situation involving US banks.

ziyan74
@ziyan74 in Status·a year ago

On March 13, days after the USDC depegging, Circle announced #Cross River as its new commercial #banking partner to produce and redeem #USDC.

ziyan74
@ziyan74 in Status·a year ago

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

ziyan74
@ziyan74 in Status·a year ago

On March 13, days after the USDC depegging, Circle announced #Cross River as its new commercial #banking partner to produce and redeem #USDC.

ziyan74
@ziyan74 in Status·a year ago

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

sabuss
@sabuss in Status·a year ago

#Circle Financial Confident in #USDC Stability Despite SVB Failure Circle, the issuer of the second-largest