USDC Coin, a stablecoin pegged to the US dollar, continues to make significant impacts on the cryptocurrency market.
Asteroneo has launched a USDC bridge to Neo X EVM sidechain, which will establish the NeoUSD stablecoin. Major crypto exchanges,
Coinbase and
Binance, have added and removed support for USDC on various blockchains, affecting market stability. Additionally, an intriguing partnership between Coinbase and Stripe allows USDC transfers on their Base platform, enabling wider usage of the stablecoin.
USDC has battled other prominent stablecoins like
Tether for market dominance, with compliance cited as a key factor in determining the superior option. The stablecoin has also expanded into
Brazil and been approved to issue in the
EU under stringent rules, showing impressive growth. Finally, some high-profile withdrawals and deposits, such as $1.4 Billion USDC Moved To Coinbase and BlackRock depositing $100M USDC onchain, have had substantial market impacts. Regardless of market fluctuations, USDC consistently offers attractive interest rates, with up to 14% APR available.
USDC Coin News Analytics from Wed, 15 Nov 2023 08:00:00 GMT to Thu, 05 Sep 2024 05:10:00 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor 3
