The focus of this week’s crypto updates is on the USDC stablecoin. It has been a big week for USDC with the announcement that over $100 Million worth of USDC has been issued on the Tron blockchain and Coinbase has announced the launch of its savings program where users will receive a 4% interest rate on USDC balances. On top of that, we have interest rates in CeFi being considerably higher than DeFi interest rates with Nexo offering an interest rate more than 6X greater than what users can earn from lending USDC on Compound Finance. #usdc #defi #crypto
Timestamps
00:00 Introduction
01:35 USDC Leads DeFi
02:27 USDC on Tron
05:04 Coinbase USDC Savings
07:28 CoinMarketCap Swaps
09:10 Summary
Coinbase USDC Lending
https://www.coinbase.com/lend
Tether Scrutiny
https://www.youtube.com/watch?v=-whuXHSL1Pg
References
https://twitter.com/Uniswap/status/1410032279699787776/photo/1
📢USD Coin #USDC already launched on #TRON blockchain, current circulation already exceeds 100M $USDC.
💁♂️Smart Contract: https://t.co/Uk5ec1hKJg
🔥 $USDC is a fully collateralized US Dollar stablecoin developed by CENTRE. pic.twitter.com/BVa7h1S2ol
— Justin Sun 🅣🌞 (@justinsuntron) July 1, 2021
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Interview
https://blog.coinbase.com/sign-up-to-earn-4-apy-on-usd-coin-with-coinbase-cdad79e5f5eb
https://twitter.com/Uniswap/status/1410032279699787776/photo/1
https://www.coindesk.com/usdc-stablecoin-could-soon-expand-to-10-more-blockchains
https://www.coingecko.com/en
CeFi yields on stablecoins are quite a bit higher than popular options in DeFi right now.. pic.twitter.com/rLNrtXrkfx
— Emily (Former TradFi CFA, CAIA, CA, MBA) APE 🦇🔊 (@AutomataEmily) June 30, 2021