⇗ USDC Coin's Global Growth, Regulatory Adjustments, and Rising Presence

Circle's USD Coin (USDC) is making significant global strides, with an increased presence in Japan as SBI VC Trade support boosts the token's trading to a new high. The move comes as Japan softens its stablecoin regulations, leading USDC to become the first international stablecoin approved in the country. Furthermore, USDC gains footing in the UAE as Circle obtains approval to operate in the country. Amid these developments, Binance was required to delist 9 stablecoins, including USDT, in Europe, possibly positioning USDC in a favorable light.

The current market cap for USDC stands at a robust $56 billion, attributing to a surge in stablecoin popularity. Moreover, SBI VC Trade initiated the first stablecoin service in Japan, and Binance extended its support for USDC. In another milestone, Circle's USDC became the first to comply with Canada's new stablecoin rules. Heading towards an optimistic future, USDC transactions hit a $1 trillion mark monthly, and the market cap saw an 80% hike from its 2023 lows.

Substantial investments in USDC by various entities signal a burgeoning interest in the stablecoin. The OwlTing integration with MoneyGram supports global USDC stablecoin On/Off-Ramp, while Coinbase collaborated with Aston Martin F1 in a USDC-paid deal. These advancements have essentially led the stablecoin market cap to cross the $200 billion mark, highlighting the profound influence of USDC. However, regulatory changes related to MiCA forced Coinbase to suspend the USDC rewards programme. At the same time, Ripple CEO revealed the significant role of USDC in the U.S. crypto reserve strategy.

USDC Coin News Analytics from Tue, 20 Aug 2024 07:00:00 GMT to Wed, 05 Mar 2025 16:52:02 GMT - Rating 5 - Innovation 7 - Information 8 - Rumor 7