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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?
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.
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.
