Trading Crypto Guide ™
#Bitcoin didn't shown any movement strongly, and rejected over the zone. This might be the another rejection as price approached the zone very correctively. Another case can be, if price flips the zone then a move can be expected till $21,200 resistance.
#Bitcoin aggresively pumping and continuously breaking all resistance areas as #USDC recovered and market flew. Currently, price is up till major resistance zone $24,450 - $24,880, where price is taking reaction a bit. If #BTC flips the level, then can see a move till all the way up around $28,500 and higher.
Recent #stablecoins capital outflows are driven primarily by the second (#USDC), and third (#BUSD) largest assets, seeing supplies fall in 2023 by -$15.7B and $-11.5B, respectively. #USDT has absorbed a significant proportion of these flows, pushing to a new #ATH supply of $83.1B.
It is likely that this reflects a geographical divergence, with #US regulated entities historically having expressed a preference for #USDC over #USDT.
It is likely that this reflects a geographical divergence, with #US regulated entities historically having expressed a preference for #USDC over #USDT.
Following the news about Binance, there has been a noticeable outflow of coins from the exchange. The chart below illustrates the two-week perspective on #Binance's reserves for major assets, including BTC, #ETH, and #stablecoins like #USDT, #USDC, and #BUSD.
In the past week, #investors have been steadily #withdrawing their assets, resulting in a significant decrease in aggregate #Stablecoin balances by over $1.6 Billion. This represents approximately 20.9% of the total balance held on #Binance. #BTC and #ETH reserves have seen a comparatively smaller decline of 5.7% and 7.1%, respectively.
In the past week, #investors have been steadily #withdrawing their assets, resulting in a significant decrease in aggregate #Stablecoin balances by over $1.6 Billion. This represents approximately 20.9% of the total balance held on #Binance. #BTC and #ETH reserves have seen a comparatively smaller decline of 5.7% and 7.1%, respectively.
What Is Circle ? Face Behind the #USDC Coin ...
Circle is a fintech firm providing peer-to-peer payment technology. Through its platform, Circle enables consumers and businesses to make payments to one another using their mobile devices. It has been established with the belief that there is a better way to move money.
The idea for Circle was conceived in 2012 when three friends, Sean Neville, Jeremy Allaire, and John Collison, discussed how to solve the challenge of securely storing digital currency online. They recognized that in order to accelerate the adoption of the digital currency they needed to address the most common complaint with Bitcoin: its volatility. In 2013, Sean and Jeremy founded Circle Internet Financial Limited. Circle was granted an e-money license by the UK’s Financial Conduct Authority. The company set out to build a new kind of payment network that could be used anywhere in the world, across currencies, borders, and devices.
Today Circle is on a mission to make money work the way it should — safe, simple, free, and instant — everywhere people want it.
Circle launched USDC (a stablecoin) in 2018, which is backed by $1 or an asset with equal value.
With the launch of USD Coin, Circle is making the price stability and immutability of blockchain technology available to any business, project, or developer.
USD Coin is a stablecoin pegged to the U.S. Dollar with a 1:1 ratio. It is an easy way to move money into, out of, and across crypto applications, exchanges, and protocols — providing a much-needed anchor for decentralized finance.
USD Coin is also a tool for innovators in traditional industries who can use it to explore new business models while avoiding the volatility risk linked to cryptocurrency, whether they're looking to send payments more efficiently or manage their cash flow more effectively. Finally, USD Coin makes it possible for consumers and businesses everywhere to participate in the crypto economy by exchanging USDC with the “native token” of any network they want to join, like Ethereum or Stellar.
Circle is a fintech firm providing peer-to-peer payment technology. Through its platform, Circle enables consumers and businesses to make payments to one another using their mobile devices. It has been established with the belief that there is a better way to move money.
The idea for Circle was conceived in 2012 when three friends, Sean Neville, Jeremy Allaire, and John Collison, discussed how to solve the challenge of securely storing digital currency online. They recognized that in order to accelerate the adoption of the digital currency they needed to address the most common complaint with Bitcoin: its volatility. In 2013, Sean and Jeremy founded Circle Internet Financial Limited. Circle was granted an e-money license by the UK’s Financial Conduct Authority. The company set out to build a new kind of payment network that could be used anywhere in the world, across currencies, borders, and devices.
Today Circle is on a mission to make money work the way it should — safe, simple, free, and instant — everywhere people want it.
Circle launched USDC (a stablecoin) in 2018, which is backed by $1 or an asset with equal value.
With the launch of USD Coin, Circle is making the price stability and immutability of blockchain technology available to any business, project, or developer.
USD Coin is a stablecoin pegged to the U.S. Dollar with a 1:1 ratio. It is an easy way to move money into, out of, and across crypto applications, exchanges, and protocols — providing a much-needed anchor for decentralized finance.
USD Coin is also a tool for innovators in traditional industries who can use it to explore new business models while avoiding the volatility risk linked to cryptocurrency, whether they're looking to send payments more efficiently or manage their cash flow more effectively. Finally, USD Coin makes it possible for consumers and businesses everywhere to participate in the crypto economy by exchanging USDC with the “native token” of any network they want to join, like Ethereum or Stellar.