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(Reuters) -Cryptocurrency exchange Binance said on Monday customers would no longer be able to deposit and withdraw the dollar-pegged stablecoin USDC using the Tron blockchain network.
Circle announced USDC on May 15, 2018, [6] and it was subsequently launched in September of the same year by Centre, a consortium formed through a joint venture between Circle and Coinbase. [9] On March 29, 2021, Visa announced its support for USDC, enabling the cryptocurrency to be used for selling transactions within its payment network. [10]
In July 2018, Binance acquired Trust Wallet, a decentralized cryptocurrency wallet for an undisclosed sum. However, Binance, confirmed that the compensation is a mixture of cash, Binance stock, and a portion of its BNB token. [24] In August 2018, Binance along with three other big exchanges raised $32 million for a "stablecoin" project.
Visa also announced it was expanding a pilot program that uses USDC on the Solana blockchain to help pay some merchants in cryptocurrency. [40] In January 2024, the company filed a confidential S-1 with the Securities and Exchange Commission. [41] The following month, Circle announced it would stop supporting USDC token on the Tron network. [42 ...
The world's largest crypto exchange will urge a federal judge to toss a lawsuit the SEC filed against it in June. The regulator accused Binance, its CEO and founder Changpeng Zhao and Binance.US's ...
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The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
On December 18, 2017, DAI was launched on the main Ethereum network. The price of DAI was successfully kept close to one US dollar during its first year of existence, even though the price of Ether , the only collateral available at the time, declined by more than 80% during the same time period.