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Brian Armstrong revealed Binance sold all its USDC in Coinbase earnings call

In a Q2 earnings call, Coinbase chief Brian Armstrong unexpectedly said that USDC was stronger now that Binance has liquidated.

Coinbase allegedly offered Circle $3B lifeline during USDC depeg

An anonymous source claims Coinbase was about to bail out its partner Circle to bring stablecoin USDC back up to $1 during SVB’s bank-run.

A new scam appears to allow users to avoid the risk of a USDC depeg, but instead it drains the wallet of unsuspecting victims.

The FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.

The move follows the SEC’s demand that crypto exchange Paxos stop minting Binance’s BUSD stablecoin because it may be a security.