USDC Coin, Ethereum's dominant stablecoin, along with USDT, has generated approximately
$850 billion in volume. Both coins account for about 90% of the stablecoin market share. USDC is expanding its influence by launching in Japan, thanks to SBI VC Trade. Reports also indicate a growing adoption of USDC as a 'store of value' in
Latin America. The stablecoin is being incorporated into BBVA's crypto asset service in
Switzerland. The coin has also met new listing rules in
Canada, making it the first stablecoin to do so. It has also been approved by the Thai regulator
Thailand. The integration of USDC on Binance Opens a whole new world of possibilities for DeFi. U.S. lawmakers are pushing for regulation as USDC's market cap surges to
$56.3 billion. USDC transactions have reached one trillion dollars monthly, showing its growing influence. The partnership between Binance and Circle is strategic to push USDC adoption across the globe. The stablecoin supply has surpassed $200B, indicating increased confidence in it as a store of value.
There seems to be an intensified competition between Circle's USDC and Tether in market cap growth. Integrations and partnerships are continuously being established to facilitate USDC transactions. Stablecoins, particularly USDC, are playing pivotal roles in cross-border payments and remittances. Circle's USDC has even gone beyond beating Tether in market cap surge during 2024. In fact, it officially added a native USDC on the Aptos mainnet.
There are already plans for Circle to expand USDC's scope through a new Sony blockchain. This ever-growing influence is inspiring optimism among users.
USDC Coin News Analytics from Tue, 20 Aug 2024 07:00:00 GMT to Wed, 19 Mar 2025 16:01:38 GMT -
Rating 8
- Innovation 6
- Rumor 4
