Crypto firms who have had the strongest position with U.S. regulation are now considered “unsafe,” Circle CEO Jeremy Allaire stated.
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Xapo Bank to enable USDC deposits and withdrawals
According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees.
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Mastercard to settle transactions for stablecoin wallet in APAC
Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted.
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USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s
“Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said.
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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event
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Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
The market frenzy that started with the Silicon Valley Bank collapse is pushing the BTC price higher, with some casualties left behind.
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