USDC Coin, a stablecoin cryptocurrency had seen tremendous growth entering 2024 with significant developments. The trading volume soared by 48% in July due to market growth and the implementation of the MiCA. Partnerships were formed with companies like Stripe and OwlTing to enable transfers and expand reach, respectively. The
OwlTing integration was supported by Stellar blockchain to support the stablecoin on OwlPay Wallet Pro.
Circle, the USDC stablecoin issuer, unveiled plans about its IPO with a valuation around $5B.
USDC became popular among casinos and was adopted massively in nations such as Brazil. It was further integrated on the CELO Network and on the Stellar blockchain, signaling expansion. Stripe announced their return to crypto payments via USDC Stablecoin, whereas Ripple entered the stablecoin war against Tether and USDC. Other significant progress showed USDC leading in stablecoin transactions, according to Visa.
Coinbase's largest USDC inflow might indicate potential growth for Bitcoin. A prediction study highlighted bull, bear, and base forecasts for USDC in 2030. On the downside, Circle dropped support for the Tron network following concerns over risk management. A momentary depeg to $0.74 brought speculation around USDC's stability. Finally, Coinbase and Stripe's collaboration aimed at expanding international adoption of cryptocurrencies.
USDC Coin News Analytics from Fri, 22 Sep 2023 09:19:24 GMT to Sat, 03 Aug 2024 07:06:33 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -1
