↑ USDC Coin Gaining Momentum Amid Rising Stablecoin Competition
Coinbase Wallet has introduced a rewards program for its USDC holders with a 4.7% APY. This move positions USDC in direct competition with...
The leading stablecoin USD Coin (USDC) has been making headlines in the crypto ecosystem lately for various reasons. A critical discussion revolves around Hong Kong's concerns on USDT and USDC, which has triggered some curiosity. Meanwhile, in an exciting development, USDC is set to introduce a 'Tap-and-Go' feature for iPhone users, making crypto payments more accessible on mobile.
In a crucial development for the Binance ecosystem, it will convert a set of cryptocurrencies including Monero and Bitcoin Gold to USDC. Moreover, Binance is planning to delist certain tokens and replace them with USDC amidst increased interest of users in the robust stablecoin.
On the technical progress front, USDC is growing its utility by enabling contactless payments on iPhones, following Apple’s NFC changes. According to the latest statistics, USDT and USDC inflows have crossed $53B and are currently exhibiting bullish signals for Bitcoin.
Besides, with Coinbase and Stripe partnering to enable USDC transfers, the crypto currency's adoption is ever-increasing. Finally, the ripple effect of Circle’s removal of USDC from the Tron network is yet to be realized. Meanwhile, the USDC community is thrilled by the reported inflow of a whopping $1.4 Billion into Coinbase. Overall, these occurrences suggest active developments around USDC, pointed towards its enhanced adoption and utility.
USDC Coin News Analytics from Fri, 22 Sep 2023 09:19:24 GMT to Fri, 16 Aug 2024 13:00:34 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor 4
