USDC Coin displayed robust growth outpacing rivals, with $73 Million newly minted leading to
crypto market volatility. Ripple reportedly made a bid to acquire
stablecoin issuer Circle while Visa partnered with Baanx to allow payments with
stablecoins from crypto wallets.
USDC hit a record volume of $219 billion in April after a boost from a Binance partnership. Circle unlocked stablecoin-powered cross-border payments in May, with a reported $4-5 Billion offer from
Ripple to acquire the organization. USDC’s supply transcended its past record, surpassing a $60 billion market cap.
Circle advanced plans to become the primary issuer of USDC in Japan, with an impending IPO on the horizon. Despite rocky markets, an impressive surge of 136 Million USDC was minted to boost
crypto market liquidity. Meanwhile, Coinbase bolstered its bitcoin-backed USDC loan limit to $1 million. Circle aims to potentially outperform Ripple with a new cross-chain transfer protocol for World Chain, an insight into their global expansion strategy. Stablecoin issuer Circle also acquired Hashnote, a $1.3B tokenized RWA firm, indicative of their innovative approach to the crypto marketplace.
USDC Coin News Analytics from Wed, 20 Nov 2024 08:00:00 GMT to Wed, 07 May 2025 20:28:22 GMT -
Rating 6
- Innovation 7
- Information 9
- Rumor -3
