Sam Altman's World Chain recently introduced native
USDC Stablecoin and Circle’s Cross-Chain Service. This strategic alliance with
Circle aims to bolster identity-driven finance. The news caused
Circle's stock to jump, with its IPO raising $1.1 billion. The US-based blockchain company convinced investors with its significant earnings and its rapidly growing stablecoin, USDC. The IPO was a step that fortified Circle's standing as the first publicly traded Stablecoin Issuer in America. Following this significant step,
USDC Stablecoin's participation elevated on the blockchain scene, so the supply dip on coins such as
Solana led by a $1.8 billion outflow of USDC. Notably,
XION introduced USDC gas fees, further simplifying Web3 for regular users. The DeFi platform,
Alex Protocol, got hacked, losing $8.3 million, but plans to repay users in USDC. Expectedly,
Coinbase's CEO, considering Circle's recent IPO buzz, termed USDC the most trusted stablecoin. With
Circle planning on a IPO, there are talks with Coinbase and Ripple, which could lead to a sale. Circle's recent public trading debut on the New York Stock Exchange (
NYSE) was met with an overwhelming response, with the firm's valuation hitting $8.1 billion. Interestingly, talks between SBI and Circle have also illuminated a game-changing stablecoin partnership in Japan. The
NY Stock Exchange owner ICE is reportedly exploring USDC Stablecoin and tokenized funds for capital markets. Lastly, USDC stablecoin received approval for use in Japan, further solidifying its acceptance and reliability in the global crypto market.
USDC Coin News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Wed, 11 Jun 2025 21:27:59 GMT -
Rating +8
- Innovation +6
- Information +9
- Rumor +4
