USDC stablecoin maker, Circle, targets 2024 for IPO
Circle, the company behind the USDC stablecoin, is reportedly exploring an initial public offering in the upcoming year 2024, a move that could mark a significant step in the crypto industry’s intersection with traditional finance. Circle, the firm that issues the USDC stablecoin valued at over $24 billion, is contemplating an IPO in 2024. The […]
MakerDAO moves $250M of its Coinbase custody to safeguard DAI peg
MakerDAO has shifted $250 million from its Coinbase Custody account to replenish the collateral for its DAI stablecoin, following a drastic dip in the coin’s reserves. This move was triggered due to the collateral backing the DAI stablecoin falling below the intended levels. A surge of liquidations forced MakerDAO to utilize half of its $500 […]
Ethereum’s massive adoption puts it on top in the battle for Stablecoins, says Bloomberg
According to a crypto market analyst at Bloomberg Intelligence, Jamie Coutts, Ethereum (ETH) is expected to emerge as the winner of the “stablecoin wars” due to its massive adoption trends. Coutts asserts that Ethereum, along with its layer-2 projects such as Optimism, Base, and Arbitrum, outperforms all other alternative networks in terms of network-adoption metrics. […]
Crypto market remains steady despite Fed’s inflation concerns
The cryptocurrency market remains cautious following US Federal Reserve Chair Jerome Powell’s comments on high US inflation. Despite this, Bitcoin, Ether, and other top 10 non-stablecoin cryptocurrencies have held steady. JPMorgan Chase & Co. analysts report that the downward price momentum in the market has slowed. The Forkast 500 NFT Index experienced a gain after […]
PayPal’s Stablecoin: What it Means for Finance
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 💰 Fake Lil Tay Coin Launched Following Announcement of Influencer’s Passing 😢Binance Achieves License in El Salvador, Signifying a Significant Achievement for Crypto […]