Dogecoin has seen a significant surge in value, flipping both XRP and USDC, making it the sixth largest
cryptocurrency. This comes as a result of
Elon Musk’s continued promotion of the meme-based coin. The rise has also been followed by Shiba Inu, another dog meme-based coin. In contrasting news, the market value of
Tether (USDT) has reached a record high of $125 billion. Meanwhile,
Circle, the company behind USDC, is looking to utilize AI agents in their operations. USDC itself is gaining popularity, being adopted in betting markets like
Kalshi, in the UAE Visa process, and expanding its usage in places like Latin America.
Binance has also integrated USDC; however, it announced the end of its support for the coin on the Tron blockchain. This coin is becoming increasingly present in the world of DeFi, challenging the dominance of USDT. The adoption of USDC is believed to increase significantly following Nate Soneium’s integration on Sony's
Sui Blockchain. Stripe has shown interest in the stablecoin infrastructure, specifically with the fintech platform
Bridge. USDC has also crossed $16 trillion in trading volume, with
Solana being a key contributor.
USDC Coin News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Wed, 13 Nov 2024 16:15:23 GMT -
Rating 3
- Innovation 5
- Information 8
- Rumor 3
