Circle has introduced a
USDC bridge for native cross-chain stablecoin transfers paving the way for global stablecoin payments with third-party entities. A major turn of events was witnessed where
Drift received a whopping $148 million funding from Tether and partners, immediately following a significant exploit. This led to Drift substituting a Circle stablecoin with
USDT. There have been concerns on the
risks associated with stablecoins and Circle's USDC has been under the spotlight after a law suit was launched addressing their response to the $285M Drift Protocol hack.
Singapore Gulf Bank has made notable advancements by introducing In-Bank Settlement for USDC on
Solana and introducing a service to switch USD to USDC on Solana. Despite the legal obstacles, Circle continues operation as it minted $1 billion and $750 million of USDC stablecoin within a 24 hours interval. However, stablecoin competition has thickened with the debate around
USDT vs. USDC, in the race to become the top stablecoin. Amid these developments,
Coinbase shares are suggested to have 'de-risked' due to USDC growth favoring Circle's outlook and the USDC dominated a huge stablecoin surge in January, yet Circle’s Stock continues to slide. The industry is matured enough for companies like Intuit to enable
USDC stablecoin payments. This signifies the growing need for stablecoin integration in business operations.
USDC Coin News Analytics from Mon, 21 Jul 2025 07:00:00 GMT to Sun, 19 Apr 2026 20:00:59 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -3
