OKX Wallet Launches Account Abstraction-Powered ‘Smart Account’ Feature, Enabling USDT and USDC Gas Fee Payments on Multiple Chains
Singapore, Singapore, August 2nd, 2023, Chainwire Additional account abstraction capabilities, including a social recovery feature, will be rolled out at a later date OKX, a leading Web3 technology company, today announced the launch of a new account abstraction-powered Smart Account feature on its OKX Wallet, enabling users to pay for transactions on multiple blockchains using […]
Shiba Inu, Now 3rd Largest Asset in Crypto.com, Overtakes USDC
According to the latest data, Shiba Inu (SHIB), the third-largest asset in Crypto.com’s reserve of digital assets, has surpassed the USD-pegged Circle and Coinbase stablecoin USDC from CoinMarketCap.com. SHIB accounts for more than 18% of Crypto.com’s total holdings of digital assets, or $3,794,018,184 ($3.79B), or $677,065,343.84 ($677M), as opposed to USD Coin (USDC) holdings, which […]
Terra News: Do Kwon Transfers $250k Worth of USDC to a Mysterious Wallet Despite Being Wanted for Arrest
A few days after a South Korean court issued an arrest order for Do Kwon, The founder of Terra (LUNA) despite being on the run, just transferred $250k in USDC to an unknown wallet. Do Kwon, the creator and former CEO of Terraform Labs, has lately run afoul of the law. The 31-year-old software developer […]
Stablecoin wars: Binance delists USDC,TUSD from trading platform
Leading crypto exchange, Binance has announced the delisting of stablecoins USDC, TUSD and USDP from their platforms. According to the announcement published today, Binance revealed that this decision was to enhance liquidity and capital-efficiency for users. Binance added that from September 29, 2022, all existing balances and deposits of USDC,USDP and TUSD will be auto-converted […]
The USD Coin (USDC), the Dollar Stablecoin of Circle and Coinbase
The USD Coin (USDC) has become one of the most widely used and loved stablecoins in the crypto-asset ecosystem. We take stock of the operation of this stable cryptocurrency, its links with Coinbase and Circle and its advantages over other competitors such as Tether (USDT). What is USD Coin (USDC)? USD Coin was created in […]
Mastercard to test USDC stablecoin within its payment system
Payment card issuer Mastercard has announced an experimental project for a conversion system between crypto and fiat currencies in collaboration with USDC issuer Circle The American payment giant will thus offer the USDC stablecoin as a relay asset to allow its clients to carry out daily financial transactions using cryptocurrencies. USDC on the Mastercard network […]
Messari says USDC will soon become the dominant stablecoin on Ethereum, ahead of USDT
An analysis by Messari shows the rise of stablecoins, whose capitalization continues to grow strongly. Among these, the USD Coin (USDC) has made a notable breakthrough: it is expected to become the dominant stablecoin on Ethereum soon. The breakthrough of stablecoins in 2021 Messari in a recent research report on decentralized finance markets highlighted the […]
Tether (USDT) Rival USDC Records 112% Increase on Exchanges In January
Although the Stablecoin market is still dominated by Tether (USDT), rival coin USD Coin (USDC) is attracting attention. According to a report from analytics firm Glassnode, USDC recorded a 112% increase on crypto exchanges in January. USDC attracting Investors One of the trends noticed by Glassnode is the influx of USDC on exchange in recent […]
Ripple’s Potential Growth Hindered by SEC Legal Battle, Expert Says
Prominent cryptocurrency litigation specialist and vocal XRP advocate, John Deaton, has castigated the U.S. Securities and Exchange Commission (SEC), asserting that its actions have significantly impeded XRP’s potential for widespread adoption over the past three years. While highlighting the recent integration of USDC into Coinbase’s financial ecosystem, Deaton underscores Coinbase’s proactive engagement with SEC attorneys […]
TRON DAO Ventures Invests $2 Million in CRV and Curve to Launch on TRON and BTTC
Geneva, Switzerland, August 17th, 2023, Chainwire TRON DAO Ventures, the investment arm of TRON DAO, has recently bought $2 million worth of CRV tokens. As part of this strategic partnership, Curve will launch on both the TRON and the BTTC networks. Curve is a decentralized exchange acclaimed for its automated market makers (AMMs) tailored for […]