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Brazilian neobank Nubank has launched a fixed 4% annual return for USDC holders, making the feature available to all crypto wallet users.

Historically, Tether's USDT has dominated the cryptocurrency market as the primary source of crypto liquidity. However, data cited by on-chain tools have noticed an apparent shift in trader preferences as USDT loses some of its market grip to Circle's USDC and Binance's FDUSD.

Brazil-based digital bank platform Nubank is rolling out a new feature to all its crypto users. The bank will offer rewards for holding the digital dollar USDC.

The adoption and use of USDC, a widely used stablecoin issued by Circle, saw substantial growth in 2024, as highlighted in the company's latest report.

In 2024, USDC circulation increased tremendously, with a 78% rise year-over-year. The rise indicates an increase in adoption and use cases.

USD Coin (USDC) surpassed $20 trillion in cumulative transaction volume in 2024, according to a report published by Circle. In November 2024 alone, USDC recorded $1 trillion in monthly transaction volume.

The supply of USDC grows through partnerships with traditional financial operators. Solana also plays a role for USDC adoption for the new wave of users drawn in by meme tokens.

TL;DR USDC saw a 78% increase in circulation, reaching over 500 million users worldwide. The coin has been adopted across 16 blockchains and has facilitated transactions worth over $850 billion between fiat currencies.

Per the report, Circle's USDC has bridged over $850 billion between fiat currencies and is now supported on 16 blockchains.

USDC's massive growth in 2024 marked the stablecoin's steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.

In a recent series of exchanges on X, Input Output Global (IOG) CEO and Cardano founder Charles Hoskinson addressed allegations surrounding the Cardano Foundation's (CF) approach to stablecoin integrations, while also signaling fresh possibilities with Ripple's RLUSD.

Cardano founder Charles Hoskinson defended IOG's ADA holdings and development decisions while revealing a previously declined $3 million USDC integration deal, as the network continues work on technical improvements including BitcoinOS integration and the Midnight scaling project.

The issue of stablecoin integration has long been a point of contention within the Cardano (ADA) community. Despite the growing influence of USDC and USDT on other blockchains, Cardano has yet to secure major partnerships with these stablecoins.

Marking its first major political contribution in the U.S., Circle has donated $1 million in USDC to President-elect Donald Trump's inaugural fund as the crypto industry rallies behind his pro-digital asset agenda and regulatory reforms.

Circle has donated $1 million in USDC to President-elect Donald Trump's Inauguration Committee, signaling the growing acceptance of stablecoins.

Now the digital bank authorized in the USA can offer PayPal USD for direct deposits and outgoing payments.

After Coinbase and Kraken's donations, Circle has contributed to Donald Trump's inaugural committee.

Is the EU's MiCA framework forcing investors to rethink their allegiance to Tether's USDT and explore alternatives like Circle's USDC and Ripple's RLUSD? USDT under radar For years, Tether's USDT (USDT) has been the go-to stablecoin for traders and investors.

Sonic now supports Circle's bridged USDC stablecoin through its gateway, connecting Ethereum, Solana, and Fantom. This integration seeks to reduce liquidity fragmentation and enable efficient token-swapping, paving the way for scalable decentralized applications and improved blockchain usability. The post Sonic Integrates Circle's Bridged USDC as Official Stablecoin appeared first on Cryptonews.

Circle, the second largest stablecoin issuer in the crypto market, has contributed one million USDC to Trump's presidential inaugural committee.

Sonic Labs has announced that the Ethereum virtual machine layer-1 chain Sonic now supports the bridged version of Circle stablecoin USDC. The USDC.

Overcollateralized stablecoin issuers like Tether and Circle are collectively the world's 18th-largest buyers of US government debt.

Overcollateralized stablecoin issuers like Tether and Circle are collectively the world's 18th-largest buyers of US government debt.

Circle is donating $1 million in USDC, a leading stablecoin, to President-elect Donald Trump's inaugural committee. Circle CEO Jeremy Allaire announced the contribution on social media, highlighting its significance.