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USD Coin (USDC) is a cryptocurrency stablecoin pegged to the United States dollar. With $41 billion in assets under management, [ 1 ] USDC is issued by Circle and is distinct from a central bank digital currency (CBDC).
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 ...
USDC's stablecoin-fueled model of money, in which the dollar functions as an open “protocol,” could allow innovation to flourish. But healthy competition is a prerequisite.
Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
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The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had ...
Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014. [3] [4]As of August 1, 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves.
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