MakerDAO (MKR) founder Rune Christensen has asked DAO members to consider converting its $3.5 billion USDC reserves to Ethereum (ETH) because of the extent of the Tornado Cash sanctions. MakerDAO is considering a $3.5 billion ETH market buy, converting all USDC from the peg stability module into ETH. — banteg (@bantg) August 11, 2022 Christensen…
USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking forward to “the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the network.” While we don’t speculate…
Circle Internet Financial Limited has said it is looking to apply for a U.S. bank charter soon, according to a Bloomberg News report. The crypto payments company — the issuer of the USDC stablecoin — first talked about a bank charter in 2021 but has yet to file an application with the Office of the…
The stablecoin market has seen explosive growth over the past years. The market has been and still is, dominated by Tether’s USDT coin. However, the rival stablecoin issued by Circle Inc., USDC, just flipped USDT on the Ethereum blockchain – the largest stablecoin platform. A Flippening refers to a change in the total market cap…
The United States Securities and Exchange Commission is investigating crypto payments company Circle. This was revealed by the crypto firm via a regulatory filing that it received an “investigative subpoena” from the enforcement division of the SEC in July. Circle under SEC radar since July In the July subpoena, Circle had stated its plans to…