Circle's USDC has achieved a record
market cap of over $56B, reinforcing its importance in the
stablecoin market and demonstrating the increasing global demand for reliable, regulated stablecoin options. Furthermore, reports illustrate an uptake in USDC trading on Binance due to growing demand for regulated stablecoins and a rise in its value to $56.3B, recovering fully from bear market losses.
Eagle AI Labs has initiated USDC
staking rewards following a successful hedge fund deal. Notably,
Circle has regained its market cap that was lost from the previous crypto collapse. Later on, USDC's market cap surpassed $56B, closing the gap with Tether.
Binance's asset sell-off rumors were dismissed, as the changes were attributed to internal treasury management.
USDC was also included into
BBVA's crypto service in Switzerland, marking an important partnership.
Circle continues to focus on expansion, as it acquired
Hashnote, which manages $1.3B in tokenized real-world assets. The
USDC stablecoin has achieved a significant milestone, reaching $1 trillion in monthly transactions. This success has been driven by partnerships with firms such as Binance, with the goal of taking on Tether. Additionally,
Circle has introduced a rewards program for USDC holders on their Coinbase Wallet.
USDC is expected to become a key player in cross-border payments and remittances, as its adoption continues to soar.
USDC Coin News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Wed, 12 Feb 2025 19:03:00 GMT -
Rating -2
- Innovation 5
- Information 3
- Rumor -5
