The
USDC Coin, a stablecoin which is pegged to the US Dollar, has gained significant acceptance and usage across the board. It has been approved by the Thailand regulator for crypto trading, thus boosting its reach.
Thailand’s SEC listed the USDC and USDT stablecoins as approved tokens, thus giving it legitimacy in the country. Interestingly, the stablecoin market cap revered the $200B milestone in Q1 2025, with USDC and USDT playing a substantial part in this growth.
Further approvals from the
Dubai government and a license to operate in Japan is pushing the demand for USDC. Interestingly, Binance decided to delist nine other stablecoins, thus opening the gates for USDC to flourish. On the usage front, movie-goers can now pay for their tickets in USDC at Regal Cinemas.
On the infrastructural side, Circle has upgraded the cross-chain transfer protocol that promises near-instant USDC settlements. A technology upgrade allowed USDC settlements to occur in seconds. Users of crypto.com have the option to support USDC on
Hedera. The USDC coin also went live on
Aptos, putting an end to stablecoin bridging. OwlTing expanded its integration with MoneyGram for global USDC stablecoin on/off-ramp.
There are certainly challenges as Europe’s MiCA rules forced Coinbase to halt USDC yields. Coinbase also had to end its USDC rewards program due to MiCA compliance. However, despite regulatory hurdles, the circulating supply of USDC soared 78% in 2024, and Circle secured regulatory approvals and expanded partnerships.
USDC Coin News Analytics from Tue, 20 Aug 2024 07:00:00 GMT to Wed, 12 Mar 2025 12:06:04 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 5
