In a significant move, two Secure Asset Fund for Users (SAFU) wallets belonging to Binance have initiated the transfer of assets totaling $1.75 billion in Bitcoin (BTC) and Binance Coin (BNB) to the exchange’s Hot Wallets within the past hour. The transfer includes: – 16,277 BTC, equivalent to approximately $1 […]
Tag: USDC
Ethereum ICO Participant Sells 2,000 ETH As Tether Treasury Prepares To Mint More USDT
Recent on-chain reports reveal significant activity in the Ethereum ecosystem, with Ethereum ICO participant 0xc33/0xe6d making a notable sale of 2,000 ETH for 5.995M USDC at an average price of $2,997 over the past few hours. This participant, who received 33,213 ETH during the Ethereum Genesis ICO on July 30, […]
Visa Embraces Solana Blockchain for USDC Settlements
Visa, the global payment giant, has made an exciting stride by extending its utilization of USDC stablecoin for settlement payments onto the Solana blockchain. This strategic move signifies Visa’s commitment to harnessing blockchain technology’s potential in the realm of payments. Why Solana? Solana stands out as a high-performance blockchain renowned […]
USDC Beats Tether in Gaining Mainstream Adoption
The growing popularity of stablecoins is slowly causing a major shift to occur. The first of these assets has now found a use outside of the cryptocurrency industry as well. The USDC stablecoin will now be accepted for tax payments in Bermuda. Although this is still a niche use case, […]
Tether Set To Lose More Ground As Huobi Lists Four New Stablecoins
Tether and controversy have gone hand in hand over the past year, and other stablecoins are capitalizing on it. Huobi has announced that it will list four new stablecoins, just a day after OKEx announced a similar move. The four, all of whom are pegged to the U.S dollar will […]
BitPay Adds Settlement in Gemini Dollar (GUSD) and Circle Coin (USDC)
In a press release today, Bitpay – the largest bitcoin payment provider – announced that they are now supporting settlement in two more currencies: Circle (USD) Coin, and Gemini (US) Dollar. The decision to add settlement in stablecoins makes perfect sense during these volatile periods. It allows merchants to avoid […]