USDC's growth apes 2021's market trend – Explained
USDC's growing dominance raises questions about altcoin futures and potential shifts in market sentiment.
Keep up with what's happening in the crypto world in real-time.
USDC's growing dominance raises questions about altcoin futures and potential shifts in market sentiment.
Circle's native USDC stablecoin has been expanding its market footprint with major minting happening on the Solana blockchain this month. However, historical trend shows that the growing dominance of the Circle stablecoin is bearish for the crypto market.
The stablecoin market hit a peak record of $224 billion, with USDT and USDC contributing the most to the growth. According to the popular cryptocurrency data aggregator CoinMarketCap, USDC is continuously gaining ground over multiple other stablecoins.
The stablecoin market cap reached a new record high above $200 billion. Is it a sign that Bitcoin and altcoins will rise higher?
Circle's dollar-pegged stablecoin USDC has officially gone live on the layer-1 chain Aptos (APT). Aptos' native token, APT, is up on the news, surging by 5.5% in the past 24 hours. The 38th-ranked crypto asset by market cap is trading at $7.91 at time of writing.
USDC by Circle and USD Tether (USDT) by Tether Limited are both demonstrating strong growth traction in recent weeks. Normally, such processes indicate a coming rally for net crypto capitalization, CryptoQuant data says.
The crypto market is treading water and the biggest cryptocurrency, bitcoin, is taking a bull breather. Its upward momentum is getting stifled by Trump's renewed tariff threats, which are also sending gold prices soaring to record highs and propping up demand for the U.S. dollar.
USD COIN has created history with its mind blowing hold over the world. The financial system was revolutionized when USD COIN started climbing the ladder.
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 integrates USDC natively on Aptos Layer-1 blockchain, marking a shift from bridged tokens and enhancing the network's DeFi capabilities.
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.
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.
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.
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?