Browsing:USDC

Circle (USDC) has officially filed for an Initial Public Offering (IPO) in the US
4 months ago 1 min read

Circle (USDC) has officially filed for an Initial Public Offering (IPO) in the US

Circle Internet Financial, the company behind the popular stablecoin USDC, has officially filed for an Initial Public Offering (IPO) in the US, marking a significant step forward in the company’s journey to greater acceptance and recognition. While specifics such as the number of shares and the expected price range for the IPO have yet to be revealed, the announcement has already sparked interest in the cryptocurrency and finance communities. Circle has stated that the IPO is subject to market conditions and other relevant factors, as well as the completion of the evaluation process by the US SEC. This strategic move

Aurory Gaming on Solana Faces Major Hack
4 months ago 1 min read

Aurory gaming on Solana was hit by a major hack, losing 80% in AURY-USDC pool

Aurory, a Solana blockchain-based gaming platform, recently experienced a significant security breach, resulting in an 80% loss in its AURY-USDC pool liquidity. The exploit targeted Camelot’s DEX Arbitrum’s SyncSpace Aurory Bridge, prompting the Aurory team to take immediate action. The hacker exploited a vulnerability in the SyncSpace bridge to withdraw and sell approximately 600,000 $AURY tokens to Arbitrum. In response, the team quickly disabled SyncSpace to avoid further complications while also protecting user funds and NFTs. It’s worth noting that the stolen $AURY tokens came from the team’s wallet, not from user funds. The team worked proactively to stabilize the

USDC Stablecoin Integrated with Arbitrum
11 months ago 1 min read

USDC Launches on Arbitrum, Expanding the Reach of the Stablecoin

Circle, the company behind USDC, has brought its native stablecoin to Arbitrum, Ethereum’s leading layer 2 scaling solution. This development makes Arbitrum the ninth blockchain to support USDC, according to an official announcement from Circle. The integration of USDC on Arbitrum allows businesses leveraging Circle to conveniently swap USDC tokens across supported chains, eliminating the expenses and time delays often associated with bridging transactions. This functionality opens up new possibilities for seamless and efficient token transfers. In light of a recent bug in Arbitrum’s Sequencer software that temporarily halted on-chain transaction verification, Circle’s introduction of USDC on the Arbitrum network

Circle (USDC) has announced that it will natively deploy USDC on Arbitrum
11 months ago 2 mins read

Circle’s USDC Stablecoin to Launch on Arbitrum

Circle, the issuer of the second-largest stablecoin USDC, has announced that it will natively deploy USDC on Arbitrum, the largest Ethereum Layer-2 scaling project. The move is a major step for USDC, as it will make the stablecoin more accessible to users who are looking to avoid the high gas fees associated with Ethereum. Arbitrum is a popular Layer-2 scaling solution that uses optimistic rollups to achieve scalability. Optimistic rollups allow for faster and cheaper transactions on Ethereum by batching transactions off-chain and then submitting them to the Ethereum mainnet for verification. The deployment of USDC on Arbitrum will make

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