Sui Network’s SUI token has been making significant progress, recently overtaking memecoin PEPE and Monero (XMR) in key indicators such as market cap, trading activity, and volume-to-market cap ratio. Over the past 24 hours, SUI’s price surged by more than 6.5%, rising from $1.02 to a high of $1.18. Along
Circle, a global financial technology leader, has partnered with Sony Block Solutions Labs. This partnership aims to enhance innovation and creativity through decentralized technologies by utilizing Soneium, a public Ethereum Layer-2 blockchain ecosystem. The collaboration will integrate the Bridged USDC Standard, positioning bridged USDC as one of the primary tokens
Blockchain investigator ZachXBT has accused USDC issuer Circle of ‘profiting’ from transactions associated with the North Korean hacking outfit Lazarus, and the claims are serious. Web3 investigative star ZachXBT recently blasted Circle and CEO Jeremy Allaire on the social networking platform X. The inability to promptly ban wallets implicated in
Coinbase has announced that it would offer EURC, Circle’s euro-backed stablecoin that integrates with Solana. With more and more eyes on the crypto industry, the stablecoin market is seeing more attention worldwide, prompting this move. It is worth mentioning that the most recent declaration follows the exchange’s previous statement that
Coinbase, one of the top cryptocurrency exchanges globally, is making significant strides in advancing its offerings in Europe, particularly in light of the European Union’s evolving cryptocurrency regulations. As part of this expansion, Coinbase is introducing conversions between the fiat euro and the euro-pegged stablecoin EURC, set at a fixed
Circle, a leading issuer of stablecoins, has announced the launch of AcceptUSD.com, a new platform developed to simplify cryptocurrency payments for businesses. The service aims to facilitate seamless integration of USD Coin (USDC) transactions, enabling merchants to accept stablecoin payments with ease. According to the website, by partnering with Coinbase,
New regulations in Europe regarding digital assets and a jump in market inflows caused Circle’s stablecoin trading volume to skyrocket in July. As of July 25, the market cap of USD Coin (USDC) increased 5.4% to $33.6 billion. While the trading volume for USDC pairings on centralized exchanges hit $135
In H1 2024, the stablecoin sector witnessed 24.3% growth in market cap according to CMC data. It also dominated the DeFi sector and is stated to be a fast emerging digital asset. Popular stablecoins such as USDT and USDC showed substantial growth in users apart from increases in market cap.
The USDC stablecoin issuer Circle, has announced launch of EURC, its first euro-backed stablecoin, on Base, a layer 2 blockchain. Developers are being incentivized to create a digital currency backed by the euro in an attempt to facilitate quicker and cheaper transactions for people all around the world. It is
Jeremy Allaire, the founder of Circle Internet Financial Ltd, the firm behind USDC stablecoin, recently went on X to express his continued confidence for the future of cryptocurrency, especially stablecoins. He reiterated his heightened optimism over the ecosystem in his lengthy post. Allaire summarized the progress made by the cryptocurrency
