USDC News - AllStocks Network

Crypto Exchange Kraken Expands with Acquisition of Circle Trade OTC

Posted on December 19, 2019December 19, 2019 by Rehan Yousaf

The major US-based cryptocurrency exchange Kraken, has released an official announcement about the acquisition of Circle Trade, an over the counter (OTC) digital asset trading platform, in a notice posted on 17th December. Kraken shared that the company’s OTC desk that is being run by the Wall Street expert Nelson Minier, will broaden to a team of 20 people from across the world. The new changes, according to the official blog post, will help them…

Crypto Payment Provider BitPay Adds USDC, GUSD, Paxos; Tether Is Still Out

Posted on December 12, 2019December 12, 2019 by Rehan Yousaf

The crypto payment provider BitPay has enhanced its payment processing systems to include 3 more stablecoins which are Circle’s USD Coin (USDC)trade, Gemini Dollar (GUSD), and Paxos Standard Token (PAX). Tether (USDT), the most popular stablecoin by huge margins (and occasionally even the most traded cryptocurrency by volume), is still out. The total count of the digital currencies that are now supported by the company is six. The number comprises of the popular cryptocurrencies Bitcoin(BTC)trade,…

Leading Medical Charity Dementia Society of America Opens its Doors for Crypto Donors

Posted on July 7, 2019July 7, 2019 by Rehan Yousaf

The Dementia Society of America (DSA) has just announced that it will start accepting a range of cryptocurrencies in donations going forward. The DSA started investing in Bitcoin and accepting Bitcoin donations all the way back in 2016. Now, they’ve added four more cryptocurrencies to the list and put out a press release announcing their plans regarding donations received in crypto. The DSA plans to hold 51 percent of all donations in crypto for at…

Report: Stablecoins Pegged to USD Set All-Time High Record for Trading Volume

Posted on May 24, 2019May 24, 2019 by Rehan Yousaf

In its latest report published on May 21, cryptocurrency research firm Diar revealed that the market capitalization for USD stablecoins hit a all-time high. According to the report, stablecoins tied to the USD hit a market cap of $4.3 billion, surpassing all previous records according to Diar’s data. The report also reveals an uptick of nearly 130% in trading volume between April and May. The trading volume hit $3.6 billion in May as compared to…

Accounting Firm Grant Thornton Issues Circle’s USDC Reserve Attestation Report for April

Posted on May 20, 2019May 20, 2019 by Julie Williams

Grant Thornton LLP has issued an unbiased attestation report on the financial strength of the Boston-based fintech company, Circle Internet Financial, Inc. and its stablecoin, USDC. According to the report, the crypto finance company currently holds up to $293,351,374 in its custody account. It also stated that the amount of issued and outstanding USDC sums up to a total of 294,184,174 USDC as at the end of April 2019. From the figures, it is safe…

Outside Audit Confirms Circle’s Stablecoin USDC Is Fully Backed by USD as of the End of 2018

Posted on January 17, 2019May 20, 2019 by Omri Shabath

One of the fastest growing sub-industries in the crypto sphere over the past year was the world of stablecoins – digital assets that represent a traditional financial asset and that are also fully backed by it. While the prospect of acquiring a cryptocurrency that has an actual backing to it allures many investors, there is also a cloud of skepticism enveloping stablecoins; and at least in some cases these doubts are justified. For instance, the…

Report: Stablecoins are Stabilizing and Gaining Traction

Posted on December 12, 2018May 20, 2019 by Rehan Yousaf

Cryptocurrencies such as Bitcoin and Ethereum are highly volatile. Which means they could be quite difficult to use in day-to-day transactions for some people. These cryptocurrencies see an increase or decrease of 5-10% on a daily basis; that kind of instability can be very shocking for a consumer. Imagine finding out that the doughnut you bought for $20 a few days ago is selling for only $10 today. Moreover, these cryptocurrencies have very little oversight…