Tag: usdc

"StableSeptember" by Circle has numerous launches in store, and the upcoming releases on Optimism and Coinbase's Base are just the beginning.

Circle, the company behind USD Coin (USDC), is making waves in the crypto world with a remarkable decision. They have announced their intention to expand support for their stablecoin to an additional six blockchains within the next two months.

Cryptory.net - A new proposal for Hong Kong to issue a stablecoin pegged to Hong Kong dollar to compete with USDT and USDC.

Coinbase funds USDC rewards from its own pocket rather than through lending interest.

Circle, the developer of the USDC stablecoin, will be replacing its current token version with a new one that will run natively on the Arbitrum network.

In the past year, the market share of Circle's USD Coin has decreased from 34.88% to 23.05%, while Tether's USDT has gained market share.

Defillama reports that the current market capitalization of stablecoins stands at $129 billion, which is a decrease from the May 2022 figure of over...

Since the start of this year, the crypto economy has grown by 41.77% and currently has a market capitalization of $1.17 trillion. However, during this period of growth, the stablecoin economy suffered a significant loss of $7.3 billion in just 140 days.

During an interview, Jeremy Allaire, the CEO of Circle, which is responsible for issuing USDC stablecoins, disclosed that the company had modified its USDC-backed reserve portfolio to include short-term US Treasuries.