Jun 2022 Crypto Industry Updates

Table of Contents

Content will be sorted chronologically with latest at the bottom.

  • Circle launching Euro Coin (EUROC)
    • Euro Coin (EUROC) is issued by Circle under the same full-reserve model as USD Coin (USDC)
    • Circle will hold euros in euro-denominated banking accounts at leading financial institutions, beginning with Silvergate Bank in the U.S.
    • Ethereum ERC-20 standard token
    • officially launching on June 30th with support from a broad range of ecosystem leaders, including:
      • Exchanges: Binance.US, Bitstamp, FTX, Huobi Global
      • DeFi: Compound, Curve, DFX, Uniswap Protocol
      • Custodians: Anchorage Digital, CYBAVO, Fireblocks
      • Wallets: Ledger, MetaMask Institutional
  • Launch of ProShares Short Bitcoin ETF (BITI) on NYSE [21 Jun 22]
    • only American fund offering its investors to trade Bitcoin in both directions

Started investing in crypto towards the end of 2020.