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Tag: $USDC

USDC repegs crypto markets recover

USDC Stablecoin Recovers Dollar Peg

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In Brief: Bitcoin’s price has surpassed $23,000 due to recent banking issues in the United States, leading to an increase in demand for cryptocurrency. USDC, a stablecoin, has regained its dollar peg after experiencing a period of chaos due to a banking problem in Silicon Valley. The correlation between US banking problems and the surge in cryptocurrency prices raises questions about the future of the traditional banking system. USDC...

$USDC, Cryptocurrencies, Front page, Main, Stablecoins

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USDC depegs

USDC Stablecoin Depegs Following Silicon Valley Bank Collapse

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In brief: USDC stablecoin loses its peg to the U.S. dollar and drops as low as $0.88 following the collapse of Silicon Valley Bank. Tether maintains its peg while other stablecoins see minor drops. Circle’s $3.3 billion held at Silicon Valley Bank amounts to 8.25% of its $40 billion reserves. Frax, a decentralized stablecoin partly backed by USDC, also depreciates to $0.90. The fallout from the collapse of Silicon Valley Bank...

$FRAX, $USDC, Bankruptcy, Front page, Main, Silicon Valley Bank (SVB), Stablecoins

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earn 55% APR with KAVA on Sushi

Earn up to ~50% APR With the KAVA/USDC Sushi Pool

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About Kava Kava (kava.io) is a safe and fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos into a single, scalable network. The pool pays in USDC, WKAVA, and SUSHI. The only way to get USDC is to collect trade fees in the USDC/KAVA pool. WKAVA can only be obtained by collecting both trade fees and incentive rewards. The rewards that are given to the pool each day are...

$KAVA, $USDC, COSMOS, Staking, Yield farming

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Circle's USDC goes to war with USDT

Circle goes to war with Tether

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In a recent blog post on the Coinbase website, the company said that it is going to fight Tether, a controversial stablecoin that has been linked to scandals and problems for a long time. Tether has been under scrutiny for years due to its questionable relationship with the Bitfinex exchange and its lack of transparency regarding its backing. This has led to concerns about whether Tether is actually backed by the US dollar, as it claims to...

$USDC, $USDT, Cryptocurrencies, Front page, Main, News, Stablecoins

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velodrome finance

Yield Farming Opportunity on Optimism – Earn up to 9.20% APY on stablecoins MAI and USDC — with Velodrome or Beefy Finance

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Optimism pool is currently offering an annual percentage yield of 8.50% on stablecoins with a low risk profile due to their similar peg. Yield Farming on Velodrome Supply $MAI and $USDC on Velodrome. You will obtain sAMM-USDC/MAI LPs, or pooled liquidity.  Stake the LP tokens into the gauge for yielding rewards in the platform’s governance token, $VELO. You can exchange half of the VELO token for USDC and the other half in MAI, to...

$MAI, $USDC, $VELO, Optimism, Stablecoins, Staking, Yield farming

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