USDC Coin, a notable stablecoin, has recently been making waves in the crypto market. The token has recorded impressive inflow and outflow values, with HyperLiquid experiencing a record
$60M USDC net outflow, while the market is abuzz with a record-breaking
$1.24 billion USDC inflow into spot exchanges. As the
stablecoin market gears towards a projected valuation of
$200 billion by 2025, USDC has also secured new alliances and service offerings. Regal plans to allow moviegoers to
pay with USDC, while
Coinbase has introduced new earning programs and plans to halt the USDC earn program on MiCA compliant regions. Furthermore, USDC has also partnered with
Binance to challenge Tether's dominance in the stablecoin market. The coin has recently expanded its crypto asset service in Switzerland with BBVA, incorporated on the
Sui network, and partnered with
Sony’s blockchain. Despite facing hiccups with regulatory compliance in certain regions, the stablecoin is consistently adapting to ensure compliance, demonstrated by its adaptation to MiCA regulation. Among other developments,
Circle, the issuer of USDC, announced its decision to shift its HQ to New York, targeting an IPO, while
Stripe announced talks of acquiring a Stablecoin-focused Fintech Platform. In competition, Ripple launched stablecoin RLUSD to challenge the dominance of USDT and USDC.
USDC Coin News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Tue, 24 Dec 2024 18:33:45 GMT -
Rating 3
- Innovation -2
- Information 9
- Rumor 5
