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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...
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 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...
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...
Binance to List 10 USDC Trading Pairs on Its Spot Market: Here’s More
27.12.2023
The post Binance to List 10 USDC Trading Pairs on Its Spot Market: Here’s More appeared first on Cryptonews
Coinbase Expands in Singapore: Launches USD Transfers via SWIFT – Crypto Adoption on the Rise?
19.12.2023
Source: Adobe / VideoFlow The major US-based crypto exchange Coinbase has announced the availability of USD transfers for its retail customers in Singapore, according to an announcement. Now, users in Singapore can seamlessly transfer US dollars (USD) to and from their Coinbase accounts using...
Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations
19.12.2023
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermine the monetary independence of countries like...
Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space
19.12.2023
Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset. Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting Euro Integration in Digital Finance Circle, a leading...
CFA Renews Accusations Against Circle, Says CCTP May Be Funding Terrorism via Tron
15.12.2023
Nonprofit watchdog CFA alleged Circle’s blockchain protocol CCTP enables money laundering and funding of terrorism through Tron network. Image by Kerem Goktug Kaya, DALL-E 3. The Campaign for Accountability (CFA), a nonprofit ethics watchdog, renewed its accusations against Circle on December...
Coinbase Reveals ‘Project Diamond’ Initiative, Targets Institutions Issuing Native Digital Assets
15.12.2023
Coinbase, the largest U.S.-based crypto exchange, has revealed Project Diamond, an initiative that seeks to provide the tools for institutions to issue native digital assets. The project, which integrates several technologies, including Coinbase’s layer 2 product Base, the USDC stablecoin...
BNB Chain Reveals Greenfield Tech Roadmap, Neon EVM Integrates Ledger Live + More News
12.12.2023
Source: AdobeStock / Ascannio Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: BNB Chain Reveals Greenfield Tech Roadmap Neon EVM Integrates With Ledger Live Immutable and Transak Partner...