Circle and OKX Team Up to Add USDC Features to OKX Products
Circle’s Cross-Chain Transfer Protocol is being integrated with OKX’s DEX aggregator to provide USDC cross-chain swaps across Ethereum, Avalanche, Arbitrum and OP Mainnet.
Tether Announces it Will Process USD Transactions Through Britannia Bank
Last week, Tether’s financial statements showed that its USDT reserves increased by $850 million in comparison to their previous amount, bringing its excess reserves to $3.3 billion.
US Congress Accuses Fed of Creating Barriers to Stablecoins Issuance by Banks
A group of congressional members have written to the Federal Reserve System’s leader Jerome Powell expressing their concern that the recent moves from the Fed to increase oversight of banks’ cryptocurrency dealings will impede the progress of the bill to regulate stablecoins.
Hacker Steals About $900,000 in Stablecoins from Balancer
An unknown hacker took advantage of an exploit in the Balancer v2 DeFi programmable liquidity platform to steal around $900,000 worth of DAI stablecoins.
Circle Shares Plans to Deploy USDC on Six Networks
In the upcoming months of September and October, USDC stablecoin from issuer Circle will be deployed on a total of six networks, namely Base, Cosmos (via Noble), NEAR, Optimism, Polkadot, and Polygon.
Bitso Adds Support Tron Network and Tether Transactions
Bitso, an exchange specialized in Latin America, has now enabled support for the Tron network and USDT transactions.
The Supply of Stablecoins is Decreasing
The overall supply of stablecoins has been on a decline for more than a year.
