Circle, a digital assets firm, has announced its recent cohort of USDC Grant recipients. The company has also reversed its anti-gun policy, thereby allowing certain weapons to be bought with
USDC.
JPMorgan confirms that Circle's
USDC stablecoin growth outruns that of Tether's USDT in onchain growth. With significant changes to business payment upgrades,
Coinbase launches global
USDC payouts.
Furthermore, Apex Fusion has collaborated with Stargate to bring
USDC liquidity to Cardano, which shows the potential for
USDC in other cryptocurrencies' ecosystems. Despite risk warnings about stablecoins,
Circle's USDC stablecoin has proven dominant over competitor USDT in terms of onchain activity, as verified by JPMorgan, marking increasing regulation driving the shift in activity for stablecoins.
Also, Coinbase has incorporated onchain lending of
USDC with high yields up to 10.8%. Stablecoin volume, including
USDC, has broached a record $2.8 trillion on Ethereum in the month of October. For growth and wider adoption of stablecoins in the EU, Circle and Deutsche Börse Group have joined forces.
Notably, the
GENIUS Act was passed, significantly influencing stablecoin adoption, including
USDC. The
USDC stablecoin supply touched a record high, scaling above the $60 billion market cap.
Coinbase and Ripple have supposedly been competing for USDC stablecoin issuer Circle.
Circle has launched an Arc Blockchain Testnet, with Visa, BlackRock, and HSBC onboard, signalling a promising future growth for
USDC. Circle reported $658M in revenue on its stablecoin reserves in Q2, further solidifying
USDC's position in the market.
USDC Coin News Analytics from Fri, 07 Feb 2025 08:00:00 GMT to Wed, 05 Nov 2025 20:14:38 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 3
