Analysts see the possibility of further selling pressure despite short-term relief.
Ahead of the crypto firm's public market debut via SPAC, here are the key considerations for potential investors, according to our columnist.
“Our intention is to include greater reserves transparency” as the stablecoin operator goes public via a SPAC deal, Jeremy Allaire told CoinDesk TV Friday.
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
“Transaction and treasury services,” with clients including Dapper Labs, Compound Labs and FTX, is the soon-to-be-public company’s top revenue source.
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC.
The USDC issuer said in an SEC filing that customer funds were not impacted by the incident.
Ether is attempting to break above the 50-day moving average for the first time since March.
Greater risk, greater reward? When it comes to USDC deposits, customers might prefer lower risk, lower reward.
The cryptocurrency is expected to hold support above $30,000.
The growth could be the result of traders looking for faster and cheaper transactions compared with Ethereum.
The crypto exchange is touting far higher yields than what traditional savings accounts can offer.
Users will be able to wire transfer their funds to Circle and receive USDC at a 1:1 conversion rate.
Announced Friday, Circle has raised $440 million from a roster of major backers.
Calls to "catch" China on digital currency downplay the promise of open financial technology, says Circle's head of global policy.