MakerDAO: DAI stablecoin soon to be more exposed to USDC?

MakerDAO DAI stablecoin soon to be more exposed to USDC

The MakerDAO co-founder wants to replace the USDC reserve that underpins the stablecoin DAI by ether (ETH). A proposal that is not to everyone’s taste, starting with Vitalik Buterin, the founder of Ethereum. MakerDAO’s DAI: More exposure to USDC? Rune Christensen, the co-founder of MakerDAO, wants to remove the $3.5 billion in USDC reserves that … Read more

One of Crypto’s Biggest Names Defaulted on $47 Million USDC Debt, Says Coinflex – CNET – ApparelGeek

Chief executive of crypto exchange CoinFlex, Mark Lamb, said on Tuesday that he issued a notice of default to Roger Ver, an early crypto investor and chief executive of Bitcoin.com, alleging that Ver n failed to respond to a margin call and owed the exchange $47 million USDC. Lamb made the comments on Twitter after … Read more

Crypto Derivatives Leader Bybit Tackles Bear Market By Setting Options On USDC

Bybit, a cryptocurrency exchange with one of the largest futures open interest in BTC, is setting up its options trading market in one of the most trusted stablecoins in the world: USDC. Unlike Bitcoin-settled contracts, Bybit’s use of USDC allows stable prices for the duration of each contract. Users of Bybit’s USDC-efficient European-style options will … Read more

How to Buy USD Coins (USDC) – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. USD Coin (USDC) is a stablecoin designed to keep a constant value with the US dollar. Stablecoins like USDC aren’t really considered investments, but rather offer liquidity to crypto traders looking to … Read more