Circle, the issuer of the USDC stablecoin, has been experiencing numerous highs and lows recently. The company's stock hit a record peak with its market cap nearing that of USDC Stablecoin and Coinbase. However, the competition in the stablecoin market saw the stock take a tumble shortly after the massive rally. Despite this, Circle's stock surged post-IPO, pushing the market cap closer to that of Coinbase and USDC. With efforts to bring genuine utility and global scale to stablecoins, Circle issued a new $250 million in USDC on the Solana blockchain. Simultaneously, USDC also launched on the XRP Ledger. On the commerce front, Circle's stock lift allowed its market cap to be at par with Coinbase and USDC, leading to its valuation soaring post-IPO. Another exciting development is Circle's partnership with Fiserv, which will bring USDC stablecoin to thousands of banks. In a bid to revolutionize crypto transactions, Shopify merges with Coinbase to allow merchants to accept payments in USDC. Solana also debuts CCTP V2 for instant USDC transfers. Despite the ongoing progress, there are concerns regarding the liquidity drain from USDC. Addressing this issue, Circle issues additional significant-scale USDC on the Solana network. This careens Circle stock to become the largest component of VanEckβs digital asset index, indicating a promising future for USDC and Circle.
USDC Coin News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Wed, 25 Jun 2025 16:40:50 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor 8