USDC

cryptocurrency industry

Senator Elizabeth Warren refers to cryptocurrency industry as a “new shadow bank”

Senator Elizabeth Warren of Massachusetts, one of the most outspoken cryptocurrency critics in Congress, has dubbed the cryptocurrency industry the “new shadow bank.” Warren told the New York Times on Sunday that the cryptocurrency industry provides “many of the same services” as shadow banks. But that it still lacks “consumer protections or financial stability that […]

MakerDAO governance approves USDC stablecoin as collateral

MakerDAO Governance Approves USDC Stablecoin as Collateral

The MakerDAO governance has approved the USD Coin (USDC) stablecoin as the third collateral type accepted in the Maker Protocol, according to a community post on March 17. The decision was put to an extraordinary executive vote outside of the usual weekly schedule, with the aim of urgently increasing DAI liquidity following last week’s market […]

Binance.US

Global Crypto Exchange Binance.US Enables USDC Deposits

Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US. The new listing took effect on 4th March at 9:00 PM EST, allowing users easily convert to BUSD, according to a statement made on their official website. BUSD allowed for trading or holding With such a measure, ‘Binance.US‘ will allow […]

BitPay supports

BitPay Supports USDC, GUSD, & PAX; USDT Still Remain Excluded

The all-time controversial cryptocurrency payment processor BitPay supports three major stablecoins now in addition to its existing list of supported tokens. According to the press release, BitPay confirms that businesses could accept payment in USDC, GUSD, and PAX. All of them are pegged to the U.S. dollar. USDC stands for USD Coin GUSD stands for […]