Tag: USDC

How does “Staking” cryptocurrencies work?

You have probably heard of staking if you have been interested in cryptocurrencies for a long time. Staking can be a complex or simple concept for you, depending on how you approach it, just like any other bitcoin topic. In any case, staking can be a reliable source of passive income in the world of cryptocurrencies, as every investor and trader knows.

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Binance crypto exchange will stop support of USDC, PaxDollar, TrueUSD

Cryptocurrency exchange Binance will end support for USDC stabelcoin and forcibly convert it to its own Binance_USD (#BUSD). On September 29, Binance will forcibly convert user assets from USD Coin to Binance USD. The same will happen with two smaller stabelcoins, PaxDollar and TrueUSD, which are also forcibly converted to the exchange’s Coin. This not only promises inconvenience to users, but major problems for Circle Internet Financial, which is the issuer of USDC and was planning to go for an IPO. After such actions, Binance may take the leading place in the market of stabelcoins and make its subordinate Binance USD the largest in terms of capitalization.

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Circle: small and medium-sized businesses are interested in stablecoins

Circle: small and medium-sized businesses are interested in stablecoins

Circle co-founder Jeremy Ellair announced the growing interest of small and medium-sized businesses in dollar stablecoins. According to Jeremy Allaire, crypto assets tied to the US dollar are becoming increasingly popular among investors who are looking for a “safe haven” because of the coronavirus and the global economic downturn. Moreover, stablecoins are used not only […]

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