Bitcoin24h $90,685.19+0.31%

Ethereum24h $3,095.51+0.05%

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BNB24h $900.61+1.28%

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TRON24h $0.2976+1.70%

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Bitcoin Cash24h $639.18+1.18%

Chainlink24h $13.19+0.12%

Is USDC preparing for a Justin Sun sanction?

USDC issuer Circle has announced that it would no longer be continuing support for the stablecoin on Justin Sun’s TRON blockchain.

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.

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.