USDC

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Coinbase offered Circle $3b credit line to repeg USDC

0xMain
March 21, 2023

Circle, Coinbase, Credit, Hacking, line, offered, repeg, USDC

Crypto exchange Coinbase reportedly offered a $3 billion credit line to Circle, the crypto company that issues the USD Coin (USDC) stablecoin, in an effort to bring the stablecoin back to its $1 peg. The latest development comes after USDC lost its peg...

USDC and BUSD market caps fall as regulators bash stablecoins

0xMain
February 14, 2023

bash, BUSD, caps, fall, Hacking, market, regulators, stablecoins, USDC

Stablecoins such as USD Coin (USDC) and Binance USD (BUSD) see their market capitalization fall following increasing regulatory scrutiny. Market data shows that BUSD’s market cap has fallen by 4.56% from $16.2 billion reported on Feb. 7 down to its current value of...