Krisztian Sandor / CoinDesk:
Block’s bitcoin-focused TBD subsidiary partners with Circle to build infrastructure for cross-border, dollar-linked stablecoin transfers and savings — The partnership aims to improve people’s access to dollar-linked stablecoins in countries with rapidly devaluing currencies.
Parikshit Mishra / CoinDesk:
USDC stablecoin developer Circle ends its planned SPAC merger with Concord Acquisition Corp., announced in July 2021, by mutual agreement — The firm had announced plans to go public in July of 2021. — Circle, the company behind stablecoin USDC, has terminated its agreement …
Krisztian Sandor / CoinDesk:
FTX-linked Alameda Research withdrew ~$37M worth of wrapped bitcoin from crypto exchange FTX.US on Wednesday — The purpose of the token movements is unclear, and the amount likely a small portion of the overall firm’s holdings, but the observation shows Alameda scrambling to arrange its finances – using the Ethereum blockchain.
Krisztian Sandor / CoinDesk:
Bankruptcy filing: Celsius says it expects ~$70M of “proceeds from the repayment of USD denominated loans”, which could help it operate through the end of 2022 — The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.
Jamie Crawley / CoinDesk:
Binance will stop supporting the world’s second biggest stablecoin USDC and convert users’ USDC, USDP, and TUSD into its own stablecoin BUSD on September 29 — The action effectively removes the world’s second biggest stablecoin USDC as a tradeable asset on Binance’s platform.
Krisztian Sandor / CoinDesk:
A look at what went wrong at decentralized lending protocol Maple Finance, as $54M in loans, or 66% of its lending pools, turn bad and what could happen next — Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade.
Michael Bellusci / CoinDesk:
Robinhood adds USDC as the first stablecoin in its crypto lineup, while Binance and WazirX exchanges say they will delist USDC in favor of other stablecoins — Users will be able to transfer the stablecoin from the Polygon and Ethereum networks on Wednesday.
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