Coinbase collaborated with Compass Coffee, a coffee chain based in Washington DC, to facilitate USDC payments at its establishments. To promote the integration of cryptocurrencies into daily transactions, Coinbase, a well-known crypto exchange, has taken action. Partnering with Compass Coffee, a notable veteran-owned coffee chain headquartered in Washington D.C., Coinbase aims to utilize the USD […]
Introduction In 2018, Circle launched USDC, a stablecoin, to tap into the transformative potential of open blockchain networks. USDC, pegged to the US dollar, fuses the stability and trust of traditional currency with the agility and innovation of the internet. This report delves into the macro perspective of the USDC economy, highlighting its global reach, […]
Decentralized oracle network, Chainlink, has unveiled a strategic integration with Circle, a prominent issuer of the USDC stablecoin. This collaboration introduces a groundbreaking solution for users, allowing secure transfers of USDC across diverse blockchains, powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Circle’s Cross-Chain Transfer Protocol (CCTP). #Chainlink CCIP now supports cross-chain USDC transfers through […]
The cryptocurrency market is no stranger to ups and downs, but the past few days have been particularly turbulent for USDC. As a stablecoin, USDC’s value is supposed to remain constant at $1. However, in the past 48 hours, it has experienced a “depeg,” with its value dropping below $0.90 for the first time. Yikes! […]
USDC and USDT deposits for Solana (SOL) have been temporarily suspended, according to cryptocurrency exchanges Binance and OKX. The change follows Crypto.com’s recent suspension of USDC and USDT for Solana deposits and withdrawals. In support of its choice, Crypto.com cited recent developments in the crypto space. Following this news, the price of Solana has fallen […]
US dollar-pegged stablecoin Tether (USDT) has recorded exponential growth over the last few years, with current data showing that the coin has 77.97 billion tokens (worth $77.97 billion) in circulation today. USDT is the undisputed stablecoin in terms of dominance (valuation and use) among other stablecoins in the market. Meanwhile, USDT occupies 3.79% of the […]
Texas-based payments and remittances company Moneygram recently announced a strategic partnership with Stellar Development Foundation—the development and growth division of Stellar (XLM) blockchain—allowing it to tap into Stellar’s payments and remittance capabilities. The payments company will utilize the native USDC (USD Coin) on the Stellar blockchain to facilitate stress-free and efficient funds transfer. Because neither […]
USD Coin (USDC) is a stablecoin pegged to the US dollar, meaning that it performs exactly how the dollar does. The stablecoin, launched in September 2018, is a joint project between Circle and crypto giant Coinbase. USDC is an alternative to other USD-pegged stablecoins like Tether (USDT) and TrueUSD (TUSD). In summary, USD Coin is […]
