The stablecoins market has reached a significant milestone, surpassing $200 billion in total market capitalization for December 2024. This 5.51% increase marks the fifteenth consecutive month of growth for the sector, highlighting the growing importance of price-stable cryptocurrencies in the broader digital asset ecosystem. Market Leaders and Key Developments Tether (USDT) continues to dominate the […]
Binance has joined forces with Circle to accelerate the global adoption of USDC and take on Tether’s dominance in the stablecoin market. This collaboration, announced on Wednesday in Abu Dhabi, marks a significant strategic alliance aimed at reshaping the future of stablecoins and their role in global finance. Binance and Circle’s Game-Changing Partnership The partnership […]
USDC has surged to a market capitalization of $34 billion, marking its highest level since March 2023. However, the stablecoin continues to lag behind USDT, which dominates the stablecoin market with an impressive $117 billion. In 2024, USDC has shown a significant recovery, rising from a low of $24 billion in November 2023. This comes […]
Stripe, a leading payments company, is preparing to bring back crypto payments this summer and plans to start with USDC on the Solana blockchain. The financial services company Stripe has ambitious plans for the upcoming summer, including facilitating crypto payments using the USDC stablecoin on the Solana blockchain. The Temporary Departure from CryptoStripe co-founder John […]
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 […]
