Ripple reportedly made an offer of $4-5 billion to
acquire USDC Stablecoin issuer, Circle, but the offer was purportedly declined. Meanwhile, Coinbase has increased its
USDC loan limit to $1 million from its previous limit of $100,000. Infrastructure developments for the USDC ecosystem continue with the launch of USDC Stablecoin payment cards, powered by
Visa and Baanx. In efforts to
reduce cross-border payment costs in Africa, Circle tapped Onafriq to leverage USDC. Circle's aggressive strategy includes the launch of a Ripple competitor payments network and securing regulatory approval to
expand operations in the Middle East. An impressive increase was recorded in the
USDC market cap, exceeding $60 billion. Circle's IPO filing amid rocky markets and the exploration of USDC stablecoin for capital markets by NYSE owner ICE show solid enterprise confidence in USDC. Furthermore, SEC clarification has positioned stablecoins outside the category of securities. In terms of geographical expansion, USDC has received the green light to be used in Japan and an in-principle regulatory approval from Abu Dhabi. In addition, Coinbase has rolled out a USDC rewards program while Rosenblatt has recommended purchasing Coinbase due to the growing stronghold of USDC. Looking at macro-level predictions, the market for stablecoins is projected to
surge to $2T by 2028.
USDC Coin News Analytics from Wed, 20 Nov 2024 08:00:00 GMT to Wed, 30 Apr 2025 21:25:36 GMT -
Rating 8
- Innovation 4
- Information 8
- Rumor -1
