Cryptocurrency prediction market Kalshi has started taking
crypto deposits while
Circle, the company responsible for the
USDC coin, modifies its
cash-out fees which could impact larger transactions. This development, together with
Circle's increase in stablecoin fees, comes despite increasing competition in the cryptocurrency market. It has introduced these changes whilst tech company
Kalshi adopts
USDC deposits in a bid to outdo rival
Polymarket in the election betting surge. Regulated prediction market Kalshi has also formed an alliance with
Zero Hash for USDC account funding. The
USDC Stablecoin is now becoming a significant tool for
cross-border payments and remittances,
Circle and
Thunes facilitating faster transactions. Business payments have been boosted by
BVNK and Circle. In a major development,
Stripe is enabling
USDC payments for US businesses to support everyday transactions.
Circle is looking to expand the usage of
Stablecoins by trillions in the next decade, while adapting its
USDC withdrawal fees to address market competition. Crypto firm
Circle has also announced it will stop supporting the
USDC stablecoin on the Tron blockchain. With a
trading volume increase of
48% in July, the future appears bright for USDC coin as
Circle looks to expand its usage in the global financial system.
USDC Coin News Analytics from Wed, 03 Jan 2024 08:00:00 GMT to Wed, 30 Oct 2024 17:14:33 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
