$111,047.00
1.85%$2,765.81
5.71%$2.41
4.23%$669.03
1.03%$156.49
3.00%$0.9999
0.01%$0.29075
1.10%$0.179554
4.98%$2,765.38
5.69%$0.620192
5.64%$111,035.00
2.00%$40.70
3.91%$3,336.37
5.54%$3.07
5.90%$512.65
2.18%$14.21
2.17%$0.286871
10.28%$8.96
-1.35%$19.44
6.51%$2,964.21
5.71%$0.999762
0.00%$0.171989
7.03%$0.00001236
4.42%$2,767.67
5.67%$2.84
1.43%$90.53
3.45%$46.67
3.96%$1.00
-0.00%$327.16
4.04%$111,074.00
1.86%$3.61
4.80%$1.002
0.11%$4.39
1.60%$8.21
7.50%$0.00001096
8.42%$299.52
1.88%$0.467966
1.80%$348.17
8.53%$1.18
0.04%$4.60
3.50%$0.095018
-0.25%$49.18
1.82%$2.33
4.65%$1.00
0.00%$5.13
6.08%$190.01
2.91%$17.57
3.84%$0.830686
3.92%$1.059
0.02%$0.999795
0.00%$0.081375
4.69%$0.596233
5.33%$4.32
4.88%$4.45
0.12%$0.02227782
6.64%$16.00
1.89%$0.205854
6.35%$0.697102
3.73%$0.286249
8.49%$9.04
4.99%$0.352496
4.63%$0.081382
1.75%$3.34
4.15%$2,764.25
5.67%$2.43
5.65%$0.190865
6.04%$110,924.00
2.17%$109.89
1.29%$0.00002065
-6.63%$4.60
1.66%$0.904321
4.09%$165.80
2.84%$0.999872
0.01%$0.262148
1.58%$0.999078
-0.02%$11.18
0.92%$1.51
11.31%$1.00
-0.03%$0.448808
4.01%$2,900.45
5.87%$3,154.12
5.67%$1.24
1.67%$1.68
5.80%$0.01622641
0.25%$0.068886
5.74%$1.11
4.13%$1.00
0.04%$10.91
4.97%$2,962.46
6.47%$0.686798
4.53%$13.13
-10.83%$2,907.29
5.90%$1.58
7.79%$0.317894
5.21%$0.583689
7.12%$110,778.00
1.75%$0.999936
-0.01%$0.0157169
5.79%$0.952849
12.75%$1.11
0.09%$3,322.68
0.33%$2,903.62
5.06%$110,869.00
1.86%$0.999736
0.01%$3.11
3.57%$0.151282
1.70%$0.089708
5.47%$668.58
0.94%$0.00009128
0.29%$111,929.00
1.50%$0.446404
6.83%$0.519758
3.97%$2.37
3.41%$3,317.99
0.41%$175.51
2.95%$2,987.28
5.70%$204.43
2.85%$0.558772
7.41%$0.735701
5.55%$0.789762
9.58%$111.73
0.01%$10.74
0.01%$0.01528194
6.59%$0.99836
0.00%$20.12
6.80%$0.171028
6.98%$41.11
-7.72%$1.90
2.85%$2.46
7.62%$0.266497
7.09%$1.094
0.20%$0.01286865
5.36%$2,762.42
5.54%$0.00000063
1.26%$0.721002
2.32%$3.70
7.12%$2,961.15
6.11%$40.79
4.07%$0.23034
1.24%$0.104389
5.94%$110,604.00
1.93%$0.557632
4.07%$0.997881
0.02%$111,112.00
2.39%$2,896.90
6.07%$0.00861826
1.26%$0.413985
2.52%$2,763.24
5.56%$0.349527
5.16%$0.521063
1.76%$0.996318
0.13%$0.282214
5.41%$110,958.00
1.84%$0.509404
2.73%$25.55
3.78%$1.58
11.04%$0.62984
3.73%$0.999592
-0.00%$1.00
0.14%$0.312755
56.96%$1.40
3.83%$2,767.68
5.88%$0.04928571
13.37%$0.01401667
1.52%$0.227529
0.23%$0.00000121
11.51%$0.9999
0.01%$40.79
4.30%$0.17922
4.86%$7.87
0.49%$1.001
0.05%$0.00000044
1.32%$0.061632
1.21%$0.00750674
5.41%$0.0043788
0.33%$2.36
0.70%$0.121126
7.02%$0.400685
0.31%$2,943.29
5.82%$0.565877
6.34%$45.23
11.12%$5.84
6.11%$1.10
17.38%$1.093
0.01%$0.994888
0.09%$14.17
3.84%$0.0775
2.91%$1.004
0.86%$1.24
8.63%$0.00001932
3.60%$0.151956
6.93%$0.3202
4.76%$0.146015
-0.20%$3,050.15
5.58%$2.28
5.46%$0.374503
5.14%$0.518169
3.73%$110,216.00
1.59%$0.99999
0.01%$3,025.78
5.88%$2,762.81
5.50%$0.03761962
5.15%$1.51
2.30%$5.55
6.66%$0.00394654
2.31%$2,764.17
5.58%$0.04865159
6.28%$0.03505785
1.25%$0.00650536
5.85%$1.15
-2.55%$0.338192
5.66%$110,859.00
1.74%$20.55
-0.04%$0.01751174
0.93%$2,764.90
5.71%$0.501787
4.43%$0.00005968
5.08%$171.13
3.21%$0.999821
-0.00%$0.324962
12.34%$0.697303
5.92%$0.999591
0.04%$0.06739
4.00%$0.776942
10.69%$0.999853
-0.07%$118.48
4.13%$0.00363016
28.26%$0.999806
0.03%$10.53
1.62%$3,344.14
5.67%$0.30624
-0.31%$1.11
0.20%$0.205995
6.65%$0.298404
48.11%$0.71652
1.01%$0.212546
4.65%$0.999706
-0.05%$0.00348596
2.61%$19.44
6.34%$1.019
-0.02%$1.22
0.19%$0.61665
4.14%$110,863.00
1.92%$14.87
11.70%$2,229.75
1.87%$23.62
6.56%$16.28
1.93%$0.0039592
3.84%Reading
Correction: This story has been updated to show that Bank Frick is still using SWIFT.
A Liechtenstein-based bank is making it possible for its clients to use the USDC stablecoin to transfer money.
Since its founding in 1998, Bank Frick has revamped into one of Europe's preeminent blockchain banks, offering crypto trading and custody for institutional clients miners and mining firms.
"With the addition of USDC, we enable our customers to process USD payments quickly and token-based. Compared to the classic SWIFT procedure, the processing time is significantly reduced", says Stefan Rauti, head of blockchain banking at Bank Frick.
The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, has remained in use by major financial institutions since its origin in the 1970s. However, following the emergence of cryptocurrencies—specifically stablecoins—the omnipresent SWIFT has met stern resistance.
Created under a collaboration between Coinbase and fintech firm Circle, USDC—like most stablecoins—is pegged 1:1 to the US dollar, providing the stability of fiat currency with the utility of a digital asset.
Rewards for holding USDC on Coinbase are now significantly reduced. Coinbase announced the reward from holding USDC in Coinbase accounts would drop from 1.25% to just 0.15% via an email announcement early Tuesday morning. The 88% reduction brings the annual interest rate closer to those offered by major banks, and well below savings rates offered by some other banking and fintech institutions. Coinbase announced new interest rates for USDC in an email to its customers. It’s a significant blow t...
According to Circle co-founder and CEO, Jemery Allaire, Bank Frick's addition of USDC is part of a growing trend among financial institutions.
"A trend we are seeing and expecting to surge in the year ahead—regulated banks adding support for USDC, which is becoming a significant alternative rail to value transfer for banks," Allaire said in a tweet.
A trend we are seeing and expecting to surge in the year ahead -- regulated banks adding support for USDC, which is becoming an significant alternative rail to value transfer for banks. https://t.co/xGblEbOouT
— Jeremy Allaire (@jerallaire) June 8, 2020
Since the start of the year, USDC has added over $230 million to its market cap, bringing it to around $750 million. Though regardless of this impressive year to date growth, it's but a drop in the water compared to the leading stablecoin, Tether (USDT), which has added over $5 billion to its total market cap in 2020 alone. Can adoption in the real world change that?
Dubai-based airline Emirates has signed a memorandum of understanding (MoU) with Crypto.com to explore integrating the exchange’s crypto payments functionality into the airliner’s payment systems. The official integration of the feature is expected to take place next year, according to an official announcement. Emirates previously teased plans in 2022 to implement Bitcoin payments, per a report from Arab News. “Partnering with Crypto.com to integrate cryptocurrency into our digital payments sys...
Publicly traded social media marketing tech company Thumzup is exploring expanding its corporate treasury holdings beyond Bitcoin, considering whether to add other leading cryptocurrencies like Dogecoin (DOGE), Solana (SOL), the Ripple-linked XRP, and Ethereum (ETH). The Los Angeles-based firm received approval from its board on Wednesday to begin evaluating the potential upside of adding at least six additional digital assets to its corporate treasury: Dogecoin, Litecoin, Solana, XRP, Ethereum...
Prominent NFT marketplace OpenSea announced Tuesday that it acquired mobile token trading and portfolio management app Rally (formerly Floor) in an effort to build “the on-chain everything app.” As part of the acquisition, Rally co-founders Chris Maddern and Christine Hall—the latter the former COO at Robinhood Crypto—will join OpenSea’s executive team, with Maddern taking the role of chief technology officer and Hall becoming OpenSea’s chief of staff. Details of the deal were not disclosed. Ope...
