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
Spanish multinational banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has officially integrated USD Coin (USDC), the second largest stablecoin issued by Circle, into its crypto asset services for institutional and private banking clients in Switzerland. This initiative enables clients to manage their USDC holdings—exchange, custody, or automatically convert USDC into
Eleven months of steady growth led to the market capitalization of stablecoins reaching an all-time high of $168 billion. The market’s sharp decline to $135 billion by the end of 2022 set the stage for a strong recovery. Reportedly, DefiLlama data reveals that the overall market capitalization of stablecoins has
The cryptocurrency market is witnessing a significant influx of liquidity following the minting of $1 billion USDT by Tether Treasury. This minting event brings Tether’s total issuance to an impressive 23 billion USDT over the past year, marking a substantial increase in market liquidity and investor confidence. This fresh minting
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,
Coinbase has re-entered the Hawaiian market after a seven-year interval. This move follows Hawaii’s relaxation of money transmitter licenses and cash reserves rules enabling residents to buy, sell, and manage digital assets. In 2017, Hawaii’s DFI imposed requirements that forced Coinbase to cease operations in the region. The key regulatory
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.
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
