↑ USDC Coin Market Landscape: From an Investment Expert's Projections
Circle has struck up revenue sharing deal with ByBit, the second-largest crypto exchange, as well as a zero-fee USDC conversion deal with OKX....
In a series of recent developments within the crypto market, Circle, the issuer of USDC stablecoin, has applied for a national bank charter to manage its USDC reserve. Moreover, Circle intends to introduce a Gateway seeking to unify access to its USDC stablecoin across various blockchains. Among other critical updates, PS Miner has announced a USDC Cloud Mining Platform offering daily rewards and zero-cost access. Despite these advancements, crypto custodian Anchorage is phasing out the use of USDC, which has responded with backlash from various quarters.
Coinbase is reportedly instrumental in increasing the adoption of Circle's USDC for payments and financial services, while experts believe that Coinbase losing a portion of its USDC revenue could be a welcome development. Also, leading fintech Ivy has integrated Circle’s USDC stablecoin, enhancing its payment solutions. Furthermore, Circle's attempt to secure a national trust bank license to manage USDC custody emphasizes the company's commitment to enhance the stability and security of its USDC reserves.
Agitations against Circle continue to rise over claims of North Korean IT workers exploiting USDC. Circle is also facing allegations of failure to act on suspected North Korean USDC transactions. Amid these challenges, Circle plans to establish a national trust bank to oversee USDC reserves. Reports indicate that Circle's stock is experiencing exponential growth, suggesting investor confidence in the company's vision and strategic maneuvers.
USDC Coin News Analytics from Wed, 02 Apr 2025 07:00:00 GMT to Wed, 02 Jul 2025 19:42:44 GMT - Rating -3 - Innovation 2 - Information 3 - Rumor -6
