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.
Circle CEO and co-founder Jeremy Allaire made the announcement on July 1 that the company has become the first EU stablecoin issuer to get regulatory clearance under the new Markets in Crypto-Assets (MiCA) framework. To allay concerns that investors may be forced to liquidate their stablecoins or move their money
A leading name in stablecoin issuer, Circle, has announced that USD Coin (USDC) will now be compatible with zkSync, a zero-knowledge layer-2 solution built on Ethereum. Developers will be able to use USDC on a scalable and efficient platform thanks to this announcement, which took place on April 9, 2024.
To propel the adoption of the USDC stablecoin and advance Web3 services in Japan, Circle, the renowned issuer of USDC stablecoin, has entered into a promising partnership with SBI Holdings, a prominent Japanese financial conglomerate. The collaboration was solidified with the signing of a memorandum of understanding (MOU) on November
Coins.ph is a leading cryptocurrency exchange and digital wallet service in the Philippines, and on October 10th, Circle announced a strategic relationship with them. With this new cooperation, Circle, the issuer of the USDC stablecoin, will be able to expand its operations in the Philippines. Coins.ph and Circle have announced
Solana (SOL), one of the top 10 cryptocurrencies in the world by market cap, has shown a significant surge in the last 24 hours. The unexpected increase from Solana caught the attention of the cryptocurrency community, even though the entire market is in severe decline. At the same time, the
Coinbase, the leading crypto exchange, is increasing its support for stablecoins with an investment in Circle. Moreover, the stablecoin provider Circle and Coinbase will also maintain a commercial relationship. The two firms jointly launched the stablecoin USD Coin five years ago. Now the Circle will take full operational and governance
In a volatile quarter for the cryptocurrency industry, stablecoins have emerged as key indicators for impending market surges, while leading exchange Huobi faces intensified scrutiny. The ongoing tug-of-war between regulatory uncertainty and market optimism has kept investors on their toes. Historically, the movement of stablecoins such as Tether (USDT) and
Hacks and phishing attacks of different kinds invaded the crypto landscape in the first week of July. As a result, two major stablecoins breached their stable grounds, recording extreme lows on Binance US. On July 9, around 00:00 UTC, the largest stablecoin, Tether (USDT), depegged from its $1 parity and
SAP, the renowned German software company, is embarking on a transformative journey to tackle the challenges associated with cross-border payments by conducting tests of Circle’s USDC stablecoin. This innovative initiative aims to alleviate businesses’ complexities when moving money abroad. By leveraging blockchain technology and digital currencies, SAP envisions a future
