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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.
USD Coin (USDC) is a cryptocurrency stablecoin which is issued by Circle. It is pegged to the United States dollar , and is distinct from a central bank digital currency (CBDC). [ 1 ]
The stay was seen by some as an early sign of the SEC's pivot to a more crypto-friendly stance, reflecting President Donald Trump's pledge to make the U.S. a global hub for the industry.
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 ...
In January 2015, the cryptocurrency exchange Bitfinex enabled trading of Tether on their platform. In 2018, Phil Potter, the chief strategy officer for Bitfinex, left the company after the Paradise Papers leaks in November 2017 named Bitfinex officials Philip Potter and Giancarlo Devasini as responsible for setting up Tether Holdings Limited in the British Virgin Islands in 2014.
The move will position Ripple against sector leaders Tether (USDT) and Circle (USDC), which together dominate 90% of the stablecoin market. For instance, among the top 10 stablecoins by market ...
news [citation needed] Crypto.com: 2013 Singapore Singapore: cryptocurrency exchange [citation needed] Cryptopia: 2014 New Zealand: Christchurch: cryptocurrency exchange Liquidated in 2019, ongoing investigation [5] Digital Asset Holdings: 2014 United States: New York City: blockchain financial services [citation needed] Gemini: 2015 United ...
USD Coin, according to the stablecoin's governing company, Circle, soon will be available on six additional blockchains: Base, Cosmos via the Noble network, NEAR, Optimism, Polkadot, and Polygon PoS.