USD Coin News

Circle has published filings revealing it is cooperating with a subpoena from the SEC that it received in July.

The exchange hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring its Lend product to the market.

While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4%, respectively.

As onlookers predict that top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risks to crypto.

Crypto traders flocked to the safety of stablecoins during Tuesday’s market crash.

The Massachusetts senator said that it’s “worth considering” banning U.S. banks from holding the reserves to back private stablecoins.

Coinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September.

USD Coin holders will soon be able to transfer the stablecoin via human-readable addresses across supported wallets and crypto exchanges.

Hop plans to roll out support for additional crypto assets and layer-two networks in the coming weeks.