Circle Internet Financial’s stablecoin, USDC, has experienced a significant rise in transaction volume this year, surpassing Tether’s stablecoin, USDT, to become the market leader. According to data compiled by Visa Inc. in collaboration with Allium Labs, USDC’s growing dominance reflects…
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Dogecoin Close to Overtaking USDC in Market Valuation at Over $30 Billion as Price Targets $0.30
Dogecoin, one of the biggest memecoins in the crypto market, and USDC, a stablecoin, are battling out in the crypto market. Apparently, each is trying to go above the other in terms of market valuation, with DOGE getting closer to…
Circle Axes $28 Billion USDC Support on Tron Amid Risk Management
In a significant development within the digital asset sector, the operator of the $28 billion USDC stablecoin has made the decision to discontinue its support for the Tron blockchain. Circle Internet Financial Ltd., the operator of USDC, announced this move…
Circle to Halt USDC Minting on Tron Network with Immediate Effect – What happened ?
Circle, a prominent player in the digital currency realm, has announced the discontinuation of support for USDC (USD Coin) on the TRON blockchain in a phased transition. This decision comes into effect immediately, with Circle ceasing the minting of USDC…
Circle Internet Financial Prepares for IPO: Evolution, USDC Stablecoin, Market Dynamics, and Regulatory Landscape
Circle Internet Financial Ltd. has revealed its plans to launch an initial public offering (IPO) after re-evaluating its path to going public, including a previous attempt through a special purpose acquisition company (SPAC). Under the leadership of CEO Jeremy Allaire,…
What Next Should We Expect FROM Solana (SOL) After Surpassing USDC with More than a $29 Billion Market Cap
One of the wonders of the crypto market in recent times is the Solana (SOL) token. So, since the October rally, Solana’s uptrend in the market continues to be consistent. Although there are retracements, one of the major strengths is…
Circle’s Bridged USDC Standard Paves the Way for Seamless Integration and Native Issuance on Emerging Blockchain Networks
In the rapidly evolving landscape of Web3 and blockchain technology, permissionless composability has emerged as a driving force behind the growth of innovative applications and decentralized networks. Leveraging existing open technologies, Circle’s USDC has become a trusted dollar-backed stablecoin, thanks…
Circle Ventures Makes Strategic Investment in Sei to Activate USDC Use Cases
Sei, celebrated as the industry’s fastest Layer 1 blockchain, has recently become the focus of strategic investment from Circle Ventures. It is a move signaling a pivotal exploration into innovative applications for Circle’s USDC within Sei’s flourishing ecosystem. This collaboration…
BlackRock Identifies Risks of USDT and USDC Stablecoins to Bitcoin
The BlackRock Spot Bitcoin ETF filing has recently made waves in the digital asset sector, capturing the attention of market participants and enthusiasts worldwide. As the largest asset manager globally, BlackRock’s decision to pursue a Spot Bitcoin ETF has garnered…
Ethereum Whale Swaps $10M USDC for 6K ETH Amidst ETH Price Surge – What It Signals
Image source: Spotonchain A prominent Ethereum whale has made a substantial trade that signals confidence in ETH’s upside potential. The whale wallet with address 0x828 swapped 9.88 million USDC for 6,000 ETH on September 29th, 2023, as Ethereum’s price saw…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
