⇑ USDC Demand Surges: Regulatory Approvals, New Partnerships & Global Adoption

Aderivatives firm, Wintermute, has posited that the stablecoin market capitalization is being largely driven by USDC. Fartcoin, interestingly registered a surge while the market was suffering a downfall, and $1 million of purchases in USDC have been made for Fartcoin. Coinbase and Circle, involved in USDC's operations have been under investigation by the SEC regarding their revenue split. According to Standard Chartered, stablecoin market is projected to hit the $2 trillion milestone by 2028.

IntercontinentalExchange (ICE) and Circle have signed an MOU to look into product innovation involving USDC and USYC digital assets. Amid rocky markets, Circle planned for a U.S. IPO while.Strong interest in USDC is evident with its new ATH, reaching $56 billion, and with Kyle Samani's transfer of $7 million USDC for a possible SOL purchase. Circle has announced plans to launch USDC in Japan with SBI as a partner and also plans to roll out a rosy future IPO, while lodging concerns over their Coinbase deal.

USDC, along with USDt, is now seen as 'store of value' in Latin America due to Bitso. Interestingly, Sony Electronics Singapore has started to accept USDC payments through Crypto.com while MiCA rules forced Coinbase to halt USDC yields.

Circle, the issuer of USDC, acquired crypto asset tokenizing firm, Hashnote, as part of their expansion strategy. Moreover, Binance has partnered with Circle to spur USDC stablecoin adoption globally, and Regal has started allowing the moviegoers to pay with the USDC stablecoin. USDC reached a momentous milestone with over $60 billion in market capitalization.

USDC Coin News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Wed, 16 Apr 2025 18:08:15 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor -2