Circle Warned NYDFS About Binance Reserves Prior to BUSD Crackdown: Report
Circle alerted the NYDFS months ago about Binance’s inability to maintain adequate reserves for the tokens its issues, according to
Circle alerted the NYDFS months ago about Binance’s inability to maintain adequate reserves for the tokens its issues, according to
The Jeremy Allaire-led firm said that the turbulence in the crypto market had nothing to do with the termination.
Circle’s Cross-Chain Transfer Protocol lets users burn USDC on one chain while Circle sends them newly minted USDC on another.Â
Tether's USDT and Circle's USDC were last printed in May and June respectively.
Coinbase wants customers to use its own stablecoin USD Coin (USDC) instead of Tether (USDT).
However, the USDC issuer still wants to go public at some point.
During the second quarter of the year alone, CertiK registered 290 phishing attacks, up 170% from 106 in the first
Exchanges like Binance, BitMEX, and OKX are limiting deposits and withdrawals for Solana’s top stablecoins, without explanation.Â
Merchants partnered with Circle will be able to accept payment and allow customers to purchase crypto through Apple Pay.Â
Tether and Circle confirmed no exposure to FTX or its sister trading firm Alameda as the liquidity crisis grips the