Circle discontinues support for USDC on Tron blockchain, citing trust and safety concerns. Immediate halt in USDC minting on Tron; retail users urged to transition to other networks. Decision follows scrutiny over Circle's ties to Tron founder amid legal actions.
EdmundCircle, a major stablecoin issuer, to discontinue private consumer accounts, directing attention to institutional and business services amid industry speculation.
Hui XinAdditionally, their jointly operated Centre Consortium will be shut down.
ClementStablecoins are designed to maintain a stable value relative to a traditional currency but are still subject to market forces and fluctuations, and can depeg from their target value. USDC depegging over the weekend is an example.
CatherineCircle denied that it has received a Wells notice.
CryptoSlateThe firm ends SPAC deal under which it would have become a listed company.
OthersThe USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want.
BitcoinistDemand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations.
CointelegraphDante Disparte hinted the U.S. could take a leading role in stablecoin regulation in an effort to “avoid trans-Atlantic or global misalignment."
CointelegraphThe entire crypto space felt a negative impact from the failure of the algorithmic stablecoin UST and Terra’s native token, ...
Bitcoinist