Search
Circle to Launch USDC Natively On Celo + More Crypto News
30.1.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Circle to Launch USDC Natively On Celo Stablecoin Development Gathers Pace PDX to Release Beta Version of Banking and Payments Product __________...
Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin
24.1.2024
A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such as tether and USDC. Figure Technologies’...
K33 Research Note Claims Cardano Network Lacks Meaningful Use, Native Token Value at Risk
19.1.2024
The latest K33 Research note asserts that the Cardano network has no meaningful use and this does not augur well for its native token. The note concludes that nothing is happening on the network except “exchange transfers and a group of bagholders fabricating blockchain activity.”...
Circle Report Shows USDC Navigating Challenging Waters in 2023
17.1.2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst Market Shifts Circle, the issuer of the USD Coin...
Chainlink, Circle Partner to Enhance USDC Cross-Chain Transfers – Here’s How it Works
17.1.2024
Source: Circle Decentralized oracle platform Chainlink (LINK) announced the latest partnership with Circle to ease cross-chain USDC stablecoin transfers. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), which enables...
CCIP integrates Circle’s CCTP for cross-chain USDC transfers
17.1.2024
To offer users a safe and dependable method to transfer USDC across chains, Chainlink has announced the integration of two industry standards: the Chainlink Cross-Chain Interoperability Protocol (CCIP) and Circle’s Cross-Chain Transfer Protocol (CCTP). Using Chainlink CCIP, developers can...
Circle CEO Jeremy Allaire: ‘Stablecoins Are Set to Change the Financial System Forever’
17.1.2024
Jeremy Allaire, CEO of Circle, a stablecoin company, has declared that blockchain systems are the new infrastructure layer of the internet and that stablecoins are at its core, providing value that is “nearly instant, nearly free and global in scale.” Allaire believes this tech...
Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
16.1.2024
The integration allows developers to build cross-chain use cases via Chainlink's CCIP that involve multichain transfers of Circle's USDC stablecoin
Circle publishes a report for the USDC State of Economy
16.1.2024
Circle has published a report titled State of the USDC Economy. The goal is to talk about how far stablecoin has come since its inception in 2018. A few months of the previous year, that is, 2023, were pretty hard on its market cap, especially with a drop of ~60% that brought the value down …
Circle Completes USDC Upgrade to Version 2.2
16.1.2024
Circle, the stablecoin company, has completed the upgrade of its USDC stablecoin to the 2.2 version. The update brings a slew of changes, including gas efficiency improvements, support for account abstraction and smart contract wallets, and enhancements in the resiliency of the currency when...
Circle Reports Surge in Remittances Through USDC Stablecoin in Asia
15.1.2024
Circle, a crypto issuer, reported a significant increase in remittances flowing through Asia via its USDC stablecoin. USDC is a cryptocurrency pegged to the value of the U.S. dollar and is backed by liquid cash and cash-equivalent assets. It has settled over $12 trillion in blockchain transactions...
Stablecoin Leader Tether Approaches 100 Billion in Circulation
15.1.2024
Source: Adobe / Jim Tether, the issuer of the popular USDT stablecoin, has strengthened its dominance in the stablecoin market by approaching 100 billion tokens in circulation. The company’s market share expanded significantly in 2023, growing from 50% at the beginning of the year to over...
Circle Highlights Surge in USDC Use for Asia Remittances in New Report
15.1.2024
Since its introduction in 2018, USDC has been used to settle over $12 trillion in blockchain transactions
Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 African Countries
13.1.2024
The leading crypto exchange Coinbase has said it will expand access to its products to 20 African countries. Coinbase also claimed that its partnership arrangement with the Africa-focused crypto exchange Yellow Card can help increase financial freedom in countries where it is lacking. Increasing...
Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With US Securities Regulator
11.1.2024
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...
USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence
4.1.2024
Circle’s USDC, typically pegged to the dollar, experienced unexpected volatility on Binance, dipping as low as $0.76 amidst a market rattled by Bitcoin ETF skepticism and a significant liquidation in derivatives. USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In...
USDC Stablecoin Momentarily Depegs to $0.74 on Binance
3.1.2024
Circle's USDC stablecoin spiked down to as low as $0.74 on three occasions today following a marketwide sell-off spurred by a report casting doubt over whether a spot bitcoin ETF will be approved this month
Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction
2.1.2024
The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a 2.5% uptick in...