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CATEGORY: stablecoin assets

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 11, 2023 10:30

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure [...]

The post Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident appeared first on Crypto Breaking News.

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USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 02, 2023 02:10

USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum

Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged coin, EUROC, merging with the Avalanche blockchain last week. Circle Plans to Launch USDC on Arbitrum on June 8 On Thursday, [...]

The post USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum appeared first on Crypto Breaking News.

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