Tag Archives: usdc

Tether Dominance Of Stablecoin Market Falls To 74%

As 2018 began, with only two competitors, Tether commanded 94 percent of the stablecoin market. With the year seeing the emergence of 8 new players in the space, that dominance has fallen to 74 percent. Flood Waters It seems that the cryptocurrency du jour is the US Dollar, or at least the stablecoins pegged to it. This year has… Read More »

Bitfinex Expands Stablecoin Listings to Provide ‘Agnostic Platform’

Stablecoins have been a point of contention in recent months especially for Bitfinex and its Tether auditing fiasco. In order to alleviate some of the concerns the crypto exchange has announced that it will list a further four stablecoins.More Stablecoins in The Crypto CauldronBitfinex still holds the reigns on Tether and that maybe what is holding it back.… Read More »

Binance Adds Paxos Standard (PAX) To its New Stablecoin Market (USDⓈ)

The team at Binance has just announced that they will be adding the Paxos Standard Token (PAX) as a base currency in the platform’s new Combined Stablecoin Market (USDⓈ). The team went on to announce that the following trading pairs will now be active in the new market effective November 29th at 1pm UTC. BNB/PAX BTC/PAX ETH/PAX XRP/PAX EOS/PAX XLM/PAX… Read More »

Binance Updates Stablecoin Listings to Create Combined Market

In an effort to create a combined stablecoin market crypto exchange Binance has updated its USDT markets.The world’s top exchange by trade volume, Binance, has been tweaking its stablecoin markets recently. According to an announcement yesterday it has renamed all USDT markets to USDⓈ.It went on to state;“Binance has renamed the USDT Market (USDT) to now be a… Read More »

Crypto Exchange Giant Binance Creates Combined Stablecoin Market

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Interesting moves are afoot in stablecoin land. Major crypto trading platform Binance, which is the top exchange by volume – doing nearly twice the 24-hour volume of its nearest competitor at time of… Read More »

Binance Renames USDT Market to Combined Stablecoin Market (USDⓈ)

In an unprecidented move, the popular cryptocurrency exchange of Binance announced that it was renaming its Tether (USDT) market to a combined Stablecoin Market (USDⓈ). The exchange explained that the move was aimed at supporting more trading pairs with different stable coins as a base. The announcement went on to state: ADVERTISEMENT Fellow Binancians, Binance has renamed the… Read More »

Independent Firm Verifies Crypto Giant Circle’s USDC Reserves

Circle has announced that it has contracted an independent accounting firm, Grant Thornton LLP, to verify through attestation reports the dollar reserves thaCirclece maintains to back the USDC token. Circle joins Paxos Standard in doing this on a monthly basis. According to the findings of Grant Thornton, Circle actually has about $4,000 more than it has The post Independent… Read More »

Circle’s Dollar-Tied Stablecoin Fully Backed, Auditor’s ‘Attestation’ Says

Circle Internet Financial had just under $127.5 million backing the dollar-pegged USD Coin at the end of last month, enough to redeem every token at the time, according to a major auditing firm. Grant Thornton LLP, the U.S. branch of Grant Thornton International, reported in an attestation dated Nov. 16 that Circle had $127,412,240.89 held in custody accounts… Read More »