USDC

According to reports, according to DefiLlama data, the market value of stable currencies on Arbitrum has reached $1.6 billion, of which more than $1 billion is USDC. Interpretation of this information: The growth in the popularity of stable coins, as evidenced by DefiLlama data, is a positive trend for the crypto industry on the whole. Stable coins are digital currencies that are pegged to a stable asset, such as the US dollar or gold, as a means of mitigating the volatility that pervades the wider crypto market. As a result,…

On March 16th, according to Lookonchain monitoring, Sun Yuchen has transferred 351.6 million USDCs to Coinbase after Coinbase resumed the conversion of USDCs to US dollars. Interpretation of this information: The transfer of 351.6 million USDCs from Sun Yuchen to Coinbase on March 16th has been reported by Lookonchain monitoring. This transaction is significant because it follows Coinbase’s recent announcement of resuming the conversion of USDCs to US dollars after experiencing a short outage. Sun Yuchen, the founder of TRON, a blockchain-based platform for decentralized applications, has been known for…

It is reported that, according to Tokenview data, Circle destroyed USDCs worth about 1.07 billion dollars on March 13, and forged USDCs worth about 480 million dollars. Interpretation of this information: The recent report from Tokenview reveals that Circle, the issuer of USDC stablecoin, destroyed around 1.07 billion USDC tokens and issued approximately 480 million USDC tokens on March 13. Such an action by Circle is not new to the cryptocurrency world as it helps in maintaining the stability and reliability of its stablecoin. These stablecoins are designed to reflect…

On March 14, the news that USDC and DAI had recently disengaged from the US dollar triggered a frenzy of loan repayment last weekend, which saved debtors more than US $100 million in loans. Interpretation of this information: The news of USDC and DAI disengaging from the US dollar has sparked a frenzy of activity, as people look to repay their debts and save themselves a lot of money. This move was announced on March 14th, and since then, many people have been rushing to pay off their loans before…

On March 14, the official of the decentralized stable currency protocol, Angle Protocol, said that AngleProtocol was affected by Euler’s vulnerability exploitation, and the protocol deposited 17.6 million USDCs into Euler. The agreement has been suspended, the debt ceiling has been set to 0, and Euler AMO has been closed. The situation is being monitored and will be updated immediately after receiving the update. Interpretation of this information: On March 14, the Angle Protocol, a decentralized stable currency protocol, announced that it was affected by the Euler vulnerability exploitation, which…

21:00-7:00 Key words: Federal Reserve, Emergency Loan, USDC, Bank of Silicon Valley Interpretation of this information: The message refers to the Federal Reserve’s emergency loan facility for banks in the Bank of Silicon Valley. The Federal Reserve is a central banking system in the US, which provides banking services to the US government, offers protection to the public, and regulates the nation’s monetary policy. The emergency loan facility is a temporary source of funding for banks that are experiencing financial issues. The Bank of Silicon Valley has received a USDC…

According to the report, according to CoinGecko data, the price of USDC has rebounded to above US $0.98 and is currently at US $0.987856. DAI prices have also risen to above US $0.98 and are currently at US $0.987856. Interpretation of this information: The message reports an increase in the prices of USDC and DAI, two popular stablecoins. Stablecoins are cryptocurrencies whose value is pegged to an underlying asset, usually a fiat currency like the US dollar, to provide stability and reduce volatility within the crypto market. According to the…

According to the official news on March 13, Binance will launch the USDC 1-30 times U-standard perpetual contract at 1:00 on March 13, 2023 Beijing time. Interpretation of this information: The announcement made by Binance on 13th March mentions the launch of a USDC 1-30 times U-standard perpetual contract that will go live at 1:00 pm on the said day. It indicates that Binance, one of the world’s most prominent cryptocurrency exchanges, is taking a significant step forward to expand its offerings in the crypto derivatives market. A perpetual contract…

According to the report, according to the data of Coingecko, the short-term premium of USDC after recovering the anchor price of US $1 has risen to US $1.01, up 5.6% in the past 24 hours, and the current market value has also risen to US $41.12 billion. Interpretation of this information: The message is reporting on the increase in the short-term premium of the USDC (USD Coin) cryptocurrency, which is currently trading at $1.01 after recovering its anchor price of $1. This is a 5.6% increase over the past 24…

On March 13, the Watchers monitoring data showed that Circle destroyed 220000000 1 USDCs again. Earlier, Circle had just destroyed 314167155.05 USDCs in a single transaction. Interpretation of this information: The article reveals that a cryptocurrency company named Circle has destroyed a massive amount of USDCs, 220000000 and 314167155.05 USDCs respectively in two separate transactions. The reason for the destruction of tokens is not specified, but it could be inferred that the move must have been made to reduce the circulating supply, among other possibilities. Circle is a digital currency…

On March 13, it was reported that Coinbase has resumed the exchange of USDC and USD, which can be conducted normally through API and transaction platform UI. Interpretation of this information: The above message announces the resumption of the exchange of USDC and USD on Coinbase. This is good news for users of the platform who can now resume trading using these two currencies. The cryptocurrency exchange suspended the trading of USDC and USD due to a technical issue that affected its payment provider. The suspension had caused some inconvenience…

It is reported that Watchers monitoring data shows that Circle destroyed 314167155.05 USDC in a single transaction. Interpretation of this information: The news report states that there was a transaction of Circle, a cryptocurrency company, where they destroyed a significant amount of USDC. The reported amount being destroyed was 314167155.05 USDC, which is a staggering number. This has been picked up by Watchers monitoring data, which is an organization that monitors blockchain activity on various cryptocurrency platforms. The term ‘destroyed’ in the context of cryptocurrencies means that the USDC was…

It is reported that according to Nansen’s data, the total balance of USDC in the address of “smart money” wallet is about 485 million dollars in 1396 wallets, down from 700 million dollars in 1455 wallets a month ago and 1.02 billion dollars in 1478 wallets a year ago. At the same time, the proportion of smart money in all stable currencies has dropped to 21%. At the beginning of this year, this proportion was close to 30%, and reached a record high of 38% at the end of August…

According to reports, Lookonchain monitoring data showed that two days ago, before the USDC broke down, Sparkster’s four wallets used 15.58 million USDC to buy 10921 ETHs at an average price of 1427 dollars. These wallets sold 10921 ETHs this morning and obtained 17.24 million USDCs, with an average transaction price of 1578 dollars. Sparkster earned $1.65 million in two days. Interpretation of this information: The message reports that recently, Sparkster, a blockchain services provider, made an impressive profit of $1.65 million in just two days. The event was confirmed…

It is reported that the operation of stable currency issuer Circle: USDC will establish a new settlement agreement through Cross River Bank to provide customers with automatic USDC casting and redemption, effective from March 13, 2023. Interpretation of this information: Circle, the stable currency issuer of USDC, is set to establish a new settlement agreement with Cross River Bank to offer customers automatic USDC casting and redemption. The service is expected to be in effect from March 13, 2023. This new settlement agreement is aimed at streamlining processes and making…

On March 13, Nansen said on Twitter that at 9:43 Beijing time, Circle cast about 407.8 million USDCs, which is the largest USDC cast in the past seven days. The hourly net change in the issuance of USDC is+463.8 million dollars. Interpretation of this information: The tweet by Nansen highlights a significant event in the world of cryptocurrency, particularly in the realm of stablecoins. Circle, a venture-backed fintech company, cast around 407.8 million USDC (USD Coin) on March 13. This is the largest USDC cast within the past seven days,…

On March 13, Kris Marszalek, CEO of Crypto.com, tweeted: “The company’s risk exposure to Signature Bank is zero, and we are restoring all USDC services.” Interpretation of this information: The tweet made by Kris Marszalek, the CEO of Crypto.com, on March 13, highlights the current situation of the company’s risk exposure to Signature Bank, and also provides an update related to the restoration of USDC services. Crypto.com is a platform that provides a wide range of cryptocurrency-related services, ranging from trading to card payments. As a company that deals with…

On March 13, the official Twitter of Coinbase announced that it would resume the USDC conversion on Monday. Due to the regulatory closure of Signature Bank, Coinbase is currently facilitating cash transactions between all customers and other banking partners. Interpretation of this information: Coinbase, one of the leading crypto-exchanges in the world, announced that it will resume USDC conversion on March 15, after a temporary pause due to Signature Bank’s regulatory closure. The news was shared on the company’s official Twitter handle on March 13. The recent announcement has created…

According to reports, Circle, the issuer of the USDC, issued a letter in response to the USDC’s anchor withdrawal, saying that if the reserve of US $3.3 billion of Silicon Valley Bank could not be returned 100%, Circle would use the company’s resources, not excluding the use of external capital, to make up for any shortage. Interpretation of this information: The recent news came up that Circle, which is the issuer of the USDC, has responded to the USDC’s anchor withdrawal. The letter issued by Circle stated that they would…

It is reported that Conor, the business director of Coinbase, tweeted that it is noteworthy that a large part of USDCs are sticky and will not/cannot be redeemed immediately. For example, USDC with US $8.1 million is in the blacklist wallet. 10 million USDC is likely to be lost forever, and more than 200 million USD has been locked in FTX assets for many years. Hundreds of millions of funds are locked in the bankruptcy property with slow flow (15 million for Blockfi and 463 million for Voyager). Hundreds of…