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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.
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.
Coinbase has just introduced a very interesting feature that allows users to obtain liquidity without having to sell their Bitcoin.
