Earlier this week, the project OneRing Finance experienced a flashloan attack. The hacker managed to get away with over $1.4 million worth of USDC via a unique flashloan attack which totaled to almost $2 million after fees. The attack happened in this transaction due to a flashloan-assisted price manipulation of the LP tokens.
Global financial technology firm Circle has announced support for USD Coin (USDC) on Hedera, representing the network’s first stablecoin launch.
Circle enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide.
Biconomy enables Web3.0 developers to easily build applications. It reduces the friction between blockchain-based applications and end-users. Their relayer network is made up of a collection of software development kits (SDKs) and APIs designed to make DeFi more accessible and understandable for everyone,
Circle enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments,
Founded in 2013, Ripio is one of the biggest crypto companies in Latin America. With over 300,000 users in Argentina,
Coinbase Commerce, the cryptocurrency payment processor of digital currency exchange Coinbase, is now accepting USD Coin (USDC), a US dollar-backed stablecoin created by Circle.
Launched in 2018, Coinbase Commerce enables merchants to accept multiple cryptocurrencies directly into a user-controlled wallet.
Crypto exchange and wallet Coinbase is offering a new payments service that allows users to “send money to any user with a Coinbase account around the world using XRP or USDC.”
The new international payment service is available to Coinbase users in any supported country,
Crypto-backed loan provider SALT has partnered with CENTRE Consortium to begin accepting USD Coin (USDC) as collateral.
SALT offers a peer-to-peer lending platform that allows cryptocurrency holders to use their cryptocurrencies as collateral for loans. Since launching the platform, SAlt has over 70,000 loans and has funded over $50,000,000 in those loans.
The Poloniex exchange has announced the following updates to its services: Poloniex introduced six new markets for USD Coin XRP/USDC, XMR/USDC, XLM/C, DOGE/USDC, LTC/USDC, and ZEC/USDC. These new markets join BTC/USDC, BCHSV/USDC, BCHABC/USDC, USDT/USDC, ETH/USDC, XRP/USDC, DOGE/USDC, XMR/USDC, ZEZ/USDC, LTC/USDC, STR/USDC.
The service also announced that its stablecoin,
USD Coin (USDC) continues to grow its ecosystem, as exchanges in Japan and Korea joined more than 50 countries to support the fiat-backed stablecoin.
USDC is now available on the Korea-based Kirbit and Japan-based Liquid exchanges. Additionally, Circle announced that it will make USDC available on the Thor Swap,