USDC Coin experienced notable growth with the trading volume soaring 48% in July, backed by the
MiCA (Markets in Crypto-Assets) framework and overall market expansion. A choice of yield-earning due to lucrative interest rates, the coin's trading volume reached $135 billion in July, a substantial surge underlined by MiCA and notable market inflows. Meanwhile,
Circle, the company behind USDC, is anticipated to trade around an impressive $5B valuation before its planned IPO, sources speculate. Supporting this stablecoin momentum are partnerships, such as the one with
Coinbase and
Stripe, that facilitate USDC transfers on their base. In a compelling move, Binance plans integration of USDC on the
CELO network, as Circle spreads its reach to Brazil and Coinbase experienced the largest inflow of USDC ever. This upwards trajectory implies an optimistic future for Bitcoin. Circle CEO predicts the stablecoin arena will see winners and losers, with USDC making a strong comeback. Interestingly, USDC has overtaken
Tether’s USDT in stablecoin transactions, as Visa reports the same. Apparently, compliance is key for stablecoin dominance. While the battle of the stablecoins continues, industry buzz suggests Ripple plans to introduce its own US dollar stablecoin to contend against USDT and USDC. In a bold move, EU’s restrictive stablecoin rules are soon set to take effect, raising speculation on the impulse for issuers. Amid these turns, the USDC issuer Circle is rewarded the license to issue USDC under Europe's MiCA regulatory framework. Finally, as the stablecoin market expands with USDT and USDC as prime drivers, there’s an air of caution – Crypto wallet
SafePal is foraying into banking with a fresh USDC Visa Card, but regulators are keeping a close watch on stablecoins.
USDC Coin News Analytics from Fri, 22 Sep 2023 09:19:24 GMT to Thu, 01 Aug 2024 10:53:00 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 3
