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↑ Impressive USDC Coin Performance and Adoption in 2024

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Impressive USDC Coin Performance and Adoption in 2024
USDC, the stablecoin created by Circle, has seen a substantial surge in circulation, growing by 78% in 2024 and outpacing Tether's market cap. Such an expansion has been enabled by various regulatory approvals and further development of strategic partnerships. Major Latin American bank Nubank offered rewards for USDC holders, and a monthly transaction value of $1 trillion was achieved. The stablecoin's total transaction volume has surpassed $20 trillion. The increase in usage of USDC in various markets elicits some regulatory concerns due to the stablecoin's vast impact. The integration of USDC on various crypto platforms wasn't without hitches, signaling a continuous debate on stablecoin adoption.Circle has made notable contributions to political funding, with a $1M donation in USDC to Trump’s inauguration. USDC has seen adoption as a form of payment in various sectors, including the movie industry. Partnerships have been established with Binance to boost USDC's adoption, and USDC was launched on Sui network and added bank transfers on Coinbase. Stablecoin issuer Circle has been collaborating with several entities to offer MiCA-compliant stablecoins. There has been a rise in the USDC as a preferred option for cross-border payments and remittances, which aligns with its seeking expansion in different regions, including Sony's blockchain, Brazil, and Mexico.

USDC Coin News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Wed, 15 Jan 2025 16:12:10 GMT - Rating 7 - Innovation 9 - Information 8 - Rumor -4

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USDC Coin - News Analyzed: 3,476 - Last Week: 100 - Last Month: 499