reserves
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Data: Circle USDC circulation decreased by $800 million in the past week
According to official data, from April 6th to April 13th, Circle issued a total of $400 million USD and redeemed $1.2 billion USD, resulting in a decrease in circulation of approxi
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The Rise of USDT: Why Traders are Choosing it over USDC and BUSD
According to reports, data shows that the circulating market value of USDT has exceeded $80 billion for the first time since May 2022, and has risen by $15 billion so far in 2023.
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BTC Reserves in Crypto Exchanges: An Evaluation of Changes in the Past 24 Hours
According to reports, the changes in BTC reserves in the wallet addresses of the exchange in the past 24 hours are as follows: Binance has inflow of 2387.4 BTCs, and currently hold
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Adam Back: Bitcoin is the antimatter of partially reserved banks
According to reports, Adam Back, CEO of Blockstream, a cryptographic infrastructure company, said that Bitcoin is the antimatter of partially provisioned banks, and partially provisioned banks may not be able to survive in the interaction. “Too many people withdraw money to buy Bitcoin, and banks will run out of reserves and fail. No bank can survive a 10% rapid withdrawal.”. Interpretation of this information: The statement made by Adam Back, the CEO of Blockstream, has a controversial and intriguing tone. He states that Bitcoin is the anti-matter of partially provisioned…
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Circle, 80% of its reserves in Silicon Valley Bank are US treasury bond bonds
On March 10, according to the audit report of stable currency issuer Circle in January this year, Circle has reserves in many regulated financial institutions in the United States, including Silicon Valley Bank and Silvergate. This report is reviewed and certified by Deloitte. Interpretation of this information: The message above pertains to the audit report of Circle, a stable currency issuer, that was conducted in January this year. This report highlights several key findings, including evidence that Circle has reserves in numerous regulated financial institutions throughout the United States. Notably,…
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CZ: cryptocurrency may use more non-US dollars or algorithmic stable currencies in the future
On February 14, CZ said in a speech on Binance’s official Twitter Space that the stable currency is still very important at this stage, and most people still need legal tender, such as the US dollar and cryptocurrency transactions. Therefore, most stable currencies are now anchored with the US dollar, and there may be non-US dollar stable currencies in the future, such as the Japanese yen stable currency and the Singapore dollar stable currency, but the stable currency needs better transparency and reserves. Interpretation of this information: The message from…
