Circle's bid to push its USD Coin (USDC) to the fore as a leading stablecoin option got a boost following the launch of the coin on the Aptos mainnet network. Aptos is a fast-growing layer-1 blockchain network, and the biggest compliment to its reputation could be its “Solana killer” nickname.
Aptos users can now access Native USDC directly, improving transaction efficiency and eliminating the need for cross-chain bridging. The integration strengthens DeFi, payments, and real-world asset applications on the Move-based blockchain. The post Circle Announces Native USDC Is Now Live on Aptos Mainnet appeared first on Cryptonews.
In a latest development, Circle announced that its native stablecoin USDC has gone live on the Layer-1 Aptos mainnet and accessible to all developers and users. With the new development, developers and users would not need bridging when performing a transaction.
Circle integrated its native USDC stablecoin onto Aptos' blockchain ecosystem alongside its Cross-Chain Transfer Protocol (CCTP) for interoperability.
Circle's digital dollar, USD Coin, is now available natively on the layer-1 blockchain Aptos, empowering developers and users.
Native USDC has finally landed on Aptos — a major move, one that brings Circle's stablecoin directly onto the high-speed blockchain, eliminating reliance on Ethereum bridges. No more middlemen, just pure 1:1 redeemable USDC issued straight from Circle.
USDC on Aptos is natively issued by Circle, ensuring seamless integration without cross-chain bridging.
Analysts see potential for SUI and APT to climb to $16 and $22, respectively, by year-end 2025, driven by increasing adoption, network growth, and improving market sentiment.
The cryptocurrency market once again demonstrated its heightened volatility, with a sharp 7.9% decline in the last 24 hours, bringing the global market cap to $3.51 trillion.
Popular cryptocurrencies like Stellar (XLM) and Shiba Inu (SHIB) just got a new leg up in their adoption, with listings against Circle's major stablecoin USDC on Bitget's platform. The exchange is considered one of the big players in the crypto space, with daily trading volume of $2.68 billion and total assets of $5.9 billion, according to CoinMarketCap.
Solana price crashed on Monday, mirroring the performance of other cryptocurrencies. The drop is also because of the stock market sell-off after the DeepSeek success and the potential for a hawkish Fed.
Aptos, the blockchain platform making waves with its cutting-edge programming language, is riding a rollercoaster of growth and growing pains. While its ecosystem is exploding with new users and activity, its native token, APT, can't seem to catch a break.
Aptos faces mounting bearish pressures, with $4.30 becoming an increasingly likely target.
Aptos price has remained under pressure this year even as the network experienced strong on-chain metrics. Aptos (APT) retreated to $8.35 on Sunday, its lowest level since Nov. 5 last year.
Investor confidence in the altcoin market appears to be in a slump lately, and the Aptos price performance succinctly reflects this sentiment. The APT token has struggled to achieve any sustained upward momentum since the turn of the new year.
USDC issuer Circle has been minting a large number of its native stablecoin closing the gap with Tether's USDT. Just over the past week, the stablecoin firm has minted more than 5 billion USDC on the Solana network, amid high demand following the launch of TRUMP meme coin.
The market capitalization of Tether's USDT, the world's largest dollar-pegged stablecoin, has flattened. Circle's competitive offering, USDC, is continuing to increase in supply.
Phemex CEO Federico Variola has assured that withdrawal functions for USDT and USDC will commence shortly. This has given relief to Phemex crypto exchange users who were eagerly waiting for an update.
Bitcoin (BTC) has recovered from its recent slump, which saw the price drop to an intraday low of $101,441 late on Thursday. The flagship cryptocurrency has registered an increase of nearly 3% over the past 24 hours and is currently trading around $104,612, with bulls looking to push it beyond $105,000.
Circle's new Paymaster product enhances blockchain transactions by enabling USDC-based gas fee payments on Arbitrum and Base.
Stablecoin issuer Circle has introduced a new feature called Circle Paymaster, enabling users to pay gas fees using the USDC stablecoin.
Circle launches Paymaster to simplify blockchain transactions by allowing users to pay gas fees in USDC, now live on Arbitrum and Base. The post Circle launches Paymaster, enabling users to pay gas fees with USDC appeared first on Crypto Briefing.
Investor risk appetite is shrinking, driving up demand for USDC. Is it time to pull back?
The market cap for Circle USDC stablecoin has surpassed $50 billion, continuing its rapid growth from last year. According to data from Defillama, USDC now has a circulating supply of $51 billion after seeing more than 11% growth in the past seven days.
The product allows users to interact with decentralized applications using USDC only, ditching the need for native tokens.
According to a new report from CryptoQuant, USDC liquidity is at its highest level since February 2023. The report noted that Circle typically mints this many tokens in bearish periods.
APT consolidates in key $7.50-$8.50 zone. A $10 breakout could push it to $12.50-$15 soon.
Binance enhances BFUSD with USDC support, new purchase options, Pre-Buy and Pre-Redeem features, and increased transparency metrics.
USDC mints accelerated on Solana, sparking suggestions of a SOL rally. The mints reflected renewed demand for stablecoins to trade memes and lock in gains.
The role of USDC in the world of trading on Binance Futures
Circle Internet Financial has acquired Hashnote, a leading tokenized treasury platform, to integrate USYC with USDC.
Circle announced on Jan. 21 the acquisition of the tokenization firm Hashnote, the issuer of the USYC token. Additionally, the company closed a partnership with the market maker DRW Cumberland to drive USYC and USD Coin (USDC) in crypto and traditional markets.
Circle, the issuer of the $48 billion USDC stablecoin, has announced its acquisition of Hashnote, a leading issuer of tokenized real-world assets. Hashnote is the creator of USYC, a tokenized money market fund with over $1.3 billion in assets.
Circle CEO Jeremy Allaire expects President Trump to issue executive orders repealing SEC rule SAB 121, which currently prevents banks from holding cryptocurrency on their balance sheets.
Jeremy Allaire, CEO of Circle (USDC), expressed strong support for Trump's proposed repeal of SAB 121.
Seamless launches USDC Morpho Vault on Base, enhancing DeFi with tailored risk-managed lending, supported by Morpho and Gauntlet. The post Seamless Protocol launches USDC Morpho Vault on Base appeared first on Crypto Briefing.
Despite growth, USDC trails USDT, which ended 2024 with a $137.5 billion market cap, dominating 66% of the stablecoin sector.
As Donald Trump prepares to take office on January 20, reports suggest his administration is considering adding U.S.-based cryptocurrencies like XRP, Solana, and USDC to a proposed national strategic reserve.
With his recent comments, the president-elect of the United States has ignited new discussions in the cryptocurrency sphere. He showed a willingness to incorporate digital assets such as XRP, Solana (SOL), and USDC into the U.S. strategic reserves.
Coinbase has introduced Bitcoin-backed loans, allowing users to borrow USDC stablecoin without selling their Bitcoin holdings.
Prices of SOL and XRP jumped when the New York Post published the rumor on Thursday. SOL, XRP, and USDC Might Join Bitcoin in a Newly Conceived Strategic Crypto Reserve Donald Trump is not a Bitcoin maximalist, he just rubs elbows with them.
Coinbase, in partnership with Morpho Labs, has launched a Bitcoin-backed loan service, allowing U.S. users to borrow up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral.
The top crypto exchange by trading volume in the United States is launching a new Bitcoin (BTC)-backed loan program for US clients. In a new announcement to the social media platform X, Coinbase says users will be able to borrow USDC against BTC with the new program. “Bitcoin-backed loans are here.
Ripple CEO Brad Garlinghouse has addressed discussions surrounding the potential establishment of U.S.-backed strategic crypto reserves. Speaking at the CfC St. Moritz conference, Garlinghouse shared his perspective on the possibility of cryptocurrencies like XRP, Solana (SOL), and USDC being included in national reserves.
TL;DR Coinbase launches on-chain Bitcoin-backed loans through Morpho, a DeFi protocol on the Base network. Customers can borrow up to $100,000 in USDC using their Bitcoin holdings as collateral. The loans are managed by Morpho, with Coinbase providing the interface for easy and fast access to the services.
Coinbase has launched its new Bitcoins backed loans service which allows customers to get USDC loans up to $100,000 without selling their Bitcoins. This new product built on the Morpho DeFi protocol is based on the exchange's Ethereum layer 2 solution, base.
President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple's XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources.