Investments in USDC (USD Coin) have indicated potentially lucrative earnings yield due to high interest rates. Recently, however,
Radiant Capital suffered a loss from a theft of assets including ETH, WBNB, and USDC. Contrastingly,
Stripe's newly introduced
stablecoin payment option used USDC and sprung up in 70 countries. This is a direct challenge to stablecoin giants like Ripple's RLUSD and the dominant USDT and USDC markets.
Stripe came back to the cryptocurrency market after six years to allow for
USDC payments in US businesses.
Securitize also partnered with Zero Hash to facilitate the purchase of BlackRock’s BUIDL using USDC. Other advancements include
Circle's launch of the USDC compliant platform in Australia hinting at further global expansion plans, and bringing USDC to Brazil and Mexico through the banking system. There were some perceived setbacks, such as
Circle's move to end support of the
USDC stablecoin on the
Tron blockchain. Nonetheless, anticipation remains high for the future adoption and versatility of the
USDC in the cryptocurrency market.
USDC Coin News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Wed, 16 Oct 2024 22:17:04 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -3
