Circle acquired USYC, allowing USYC collateral to be instantly redeemed for USDC.
1 report, 1 independent
Updated Jul 24
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Circle acquired USYC, allowing USYC collateral to be instantly redeemed for USDC.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
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US Diagnostics Center
DNA relationship testing company based in Franklin, Ohio, United States
Nothing else this week.
Related events
Coverage
Newest first; wire copies grouped- FortuneBinance adds USYC as Circle expands footprint of its yield-bearing stablecoin Circle on Thursday announced that the world’s biggest crypto exchange would begin accepting USYC, a type of stablecoin th