Circle has launched its
USDC stablecoin and native
CCTP V2 on the Sonic blockchain. USDC and USDT were compared, revealing major advantages and disadvantages of both coins. Circle has minted $250 million USDC on the Solana Blockchain. Extensive integration of
USDC into
Visa-Baanx card has been made, allowing payment with this stablecoin. Coinbase CEO,
Brian Armstrong, has pitched
USDC as a better option than banks launching their own stablecoins.
Circle also filed for a US IPO amid market turbulence, and USDC hit a new all-time high with a market cap surpassing $60 billion. Circle aims to cut Africa's cross-border payment cost with USDC. Circle and Binance teamed up to take on Tether.
Ripple has reportedly made a $4-5 Billion offer to acquire its issuer. USDC's circulation surged by 78% in 2024, with Circle securing regulatory approvals and expanding partnerships globally.
Coinbase Wallet introduced a
rewards program for USDC Holders, however, had to halt the program in MiCA compliant regions. Meanwhile, Stripe entered the crypto space with USDC stablecoin payments. The stablecoin USDC achieved a new ATH of $56 billion. Circle also attempted to expand USDC adoption in Japan following recent regulatory approval. On the downside, Coinbase had to cut ties with USDC rewards in EEA over MiCA rules, and saw USDC rewards programme end, ahead of the compliance deadline. However, it launched a Bitcoin-Backed Loan Service allowing users to borrow up to $100,000 in USDC.
USDC Coin News Analytics from Mon, 09 Sep 2024 07:00:00 GMT to Wed, 14 May 2025 07:28:17 GMT -
Rating 9
- Innovation 6
- Information 8
- Rumor -2
