The lone bright spot on Coinbase’s subscription and services chart was interest income, which shot up 213% to $101.8 million, thanks largely to the U.S. Federal Reserve hiking its lending rates.
Binance founder Changpeng 'CZ' Zhao gave an interview to Protocol where he expressed Binance's relationship with the two largest stablecoins: Tether and Circle's USDC.
HandCash plans to create bridges from BSV to USDC that live on other protocols, allowing token holders from large digital currency communities to begin using Bitcoin apps and services seamlessly.
Solend, the algorithmic, decentralized protocol for lending and borrowing on Solana, has been scrambling to mitigate the risks that are present on its platform.
Henslee emphasized that he doesn't have any confirmed information that HandCash is integrating USDC, but they said they would announce something at the BSV Global Blockchain Convention.
Coinbase reported a loss of US$430 million in Q1 2022 as revenue slipped 27% compared to a year ago, and the stock ($COIN) has now lost 70% of its value since March.
The over-concentration of the stablecoin markets was also highlighted, with the trio of Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) controlling over 80% of the market share.
BSV thought leader and developer Joshua Henslee released a video describing the new RelayX AMM exchange on the RUN protocol and its implications in the BSV blockchain space.
The firm revealed in a recent regulatory filing that the Securities and Exchange Commission (SEC) subpoenaed it in July, although it refused to reveal what the probe was about.
Circle, one of the two companies behind the USDC stablecoin, has just announced that it will become a full-reserve national commercial bank.
Circle, one of the two companies that created the USDC stablecoin, will be going public on the New York Stock Exchange in Q4 2021.