Tagged: usdc

Stablecoins Now Serve A Key Role in DeFi Protocols, Acting as a Reliable Medium of Exchange Between Crypto Tokens – Report

Stablecoins are digital currencies which are pegged to major (and relatively stable) fiat currencies like the US dollar, Euro, the British pound (among others). Recently, the team at S&P Global provided a deep dive report into valuation and depegging of stablecoins. As explained in the… Read More

Visa Improves Stablecoin Abilities, Adds Solana Blockchain as it Boost USDC Utilization

Visa (NYSE: V) says it is modernizing cross-border money movement as it improves its stablecoin settlement capabilities with the Solana blockchain. Simultaneoulsy, Visa reports that it is working with merchant acquirers Worldpay and Nuvei. Visa says it has “moved millions of USDC between its partners… Read More

Stablecoin USDC Issued by Circle Will be Native to OP Mainnet, Considered the Official Form of USDC

USDC issued by Circle will reportedly be “native to OP Mainnet and can be considered the official form of USDC for the ecosystem.” Over time, native USDC liquidity may “grow and replace the currently circulating bridged USDC liquidity that comes from Ethereum.” Native USDC will… Read More

Circle: USDC Adds Six New Blockchains

Circle has announced that its dollar-based stablecoin, USDC, will be added to six new blockchains including; Base, Cosmos via Noble, NEAR, Optimism and Polkadot, and Polygon PoS. The first five will be added in September, with Polygon joining in October. By adding USDC to these… Read More

Digital Assets: Coinbase Plans to Invest in Circle, Will Shut Down Centre Consortium, Update USDC Stablecoin Services

USDC is launching on six new blockchains, and Coinbase (NASDAQ:COIN) says that it is increasing its support for stablecoins with an investment in Circle. Circle will reportedly “take full control over USDC issuance and governance.” Meanwhile, Coinbase and Circle will also “maintain a commercial relationship.”… Read More

Alpaca Crypto to Introduce New Digital Tokens, Extended USDC Pairs, Upgraded ERC-20 Service

Alpaca Crypto is pleased to share updates with their traders and partners. Starting from 9 am EST on Friday, August 18th, they will be rolling out support “for new cryptocurrencies, expanding their USDC pair support, and facilitating deposits and withdrawals for all supported Ethereum (ERC-20)… Read More

Jeremy Allaire, CEO at Circle, Says Web3 Services Are Major Pillar of Fintech Firm’s Strategy

Jeremy Allaire, CEO at Circle Internet Financial, says that the next major pillar of the Fintech firm’s strategy is Web3 services. Last year, Circle made an acquisition of a crypto infra platform called Cybavo. This week, the company has launched the first new product milestone… Read More

Web3 Adoption: Circle Introduces Programmable Wallets as Part of Web 3.0 Services Line

On July 30th, 2015, the Genesis block of Ethereum was created. Eight years later, today Ethereum is the dominant blockchain network “with growing developer interest, lower transaction fees, and faster settlement times.” Yet, fewer than 0.5% of the 100 million developers worldwide “are actively building… Read More

Stablecoin Usage Rising in Emerging Markets: Jeremy Allaire, Co-Founder of Fintech Circle, Estimates that 70% of USDC Adoption Is Non-US

Jeremy Allaire, Co-founder & CEO of Circle, a Fintech that’s focused on stablecoins and other services supporting the blockchain and crypto sector, says that despite the hype that they’re all about the US, the firm “estimates that 70% of USDC adoption is non-US, and some… Read More

Circle CEO Jeremy Allaire Asks the US to Lead the World on Stablecoin Regulation

Jeremy Allaire, CEO of Circle – the issuer of several stablecoins, including dollar-based USDC, has issued a public declaration demanding the US take the lead in regards to stablecoin regulation. The statement via Twitter by Allaire follows the announcement that two US Senators have revamped… Read More

Web3 Adoption: Circle, Creator of Stablecoin USDC, Releases First Major Milestone of Web 3.0 Services into Production Beta

Jeremy Allaire, the  Co-founder & CEO of Circle, which helps businesses and developers harness the power of USDC for payments and commerce, reveals that they quietly released the first major milestone of Circle Web3 Services into production beta this week. We quietly released the first… Read More

Stablecoins: Cross-Border Payments with Digital Money Like USDC May Enhance UX, According to SAP

Currently, cross-border payments are a “hassle” for many small and mid-sized enterprises with international business partners, the team at German software firm SAP notes in a blog post. The team at @SAP is now testing cross-border payments for their customers with $USDC.https://t.co/QrMHHATsUb pic.twitter.com/mTHWbJde3a — Peter… Read More

Circle Approved as Major Payment Institution in Singapore

Circle is continuing its push to mitigate regulatory risk by receiving licenses to operate beyond the boundaries of the US. This week, Circle announced it had been approved as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS). Circle is a top… Read More

Circle to Launch USDC on Arbitrum

Stablecoin issuer Circle will launch USDC, its dollar-based stablecoin, on Arbitrum this  June 8th. Circle states that this version of USDC will eventually replace the currently circulating bridged version of USDC that comes from Ethereum – which becomes USDC.e. Arbitrum is a blockchain technology that… Read More

Digital Assets: WOOFi Introduces Cross-Chain Staking Powered by Arbitrum, LayerZero

The WOO token can now be staked “across seven chains to earn USDC on Arbitrum from WOOFi swap fees.” As noted in a blog post, WOOFi Stake 1.0 was “born on BNB Chain back in December 2021 and quickly grew in TVL as WOO stakers… Read More

USDC Stablecoin Depeg “Protection” Cover Introduced by Etherisc, a Decentralized Insurance Protocol

Etherisc, the open-source, “decentralized” insurance protocol and ecosystem, has launched the first-of-its-kind USDC depeg protection cover to the public. As a peer-to-peer parametric product, customers “receive automatic payouts should the price of the USDC stablecoin fall below its $1 USD pegged value by 0.5% for… Read More

Draft Legislation on Stablecoins Posted in Advance of Hearing by House Subcommittee on Digital Assets, Fintech

On Wednesday, April 19, 2023, the House Subcommittee on Digital Assets, Fintech, and Inclusion, will hold a hearing on stablecoins. The hearing is being joined by draft legislation that may end up providing a viable path to regulate this new form of payments and transfers…. Read More

Coinme Integrates Stablecoin USDC on Stellar, Enabling Borderless Digital Cash, P2P Payments

Coinme, a cryptocurrency cash exchange in the U.S., and the Stellar Development Foundation, a non-profit organization that supports the development and growth of the Stellar network, announced the release of Circle’s USDC on Stellar throughout the Coinme wallet and Coinme’s global cash onramp and offramp… Read More

Tether Claims it Has $1.6B in Excess Reserves to Back Stablecoin USDT

Crypto-asset firm Tether claims it has approximately $1.6 billion in excess reserves in order to fully back the issuance of its USDT stablecoin. Tether expects to record a $700 million profit in this latest March 2023 quarter, which will be taking its total excess reserves… Read More

Cross-Border Transactions: Arf Addressing Constraints in International Payments with Stellar Development Foundation

Arf, the Swiss-regulated global settlement banking platform, with support from the Stellar Development Foundation, is now offering what it claims is “the world’s first unsecured, short-term, USDC-based working capital financing solutions for licensed financial institutions.” Making cross-border payments faster, cheaper, and more transparent and inclusive… Read More

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