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Circle has donated $1 million of its USDC stablecoin to the inaugural committee for President-elect Donald Trump. On Jan. 9, Circle's CEO, Jeremy Allaire, expressed the company's excitement about contributing to the growth of what he described as a great American enterprise.
Circle, one of the biggest names in crypto, just handed over $1 million in USDC to ‘Crypto President' Donald Trump's inaugural committee. CEO Jeremy Allaire thinks this shows how far digital dollars have come.
Circle, the company behind the USD Coin (USDC), has made a crypto donation to the inaugural funds of the President-Elect of the United States of America, Donald Trump. Jeremy Allaire of Circle, the CEO of Circle, stated that the company will be giving $1 Million USDC on X.
Circle's CEO Jeremy Allaire said the crypto firm has donated $1 million USDC to Donald Trump's inaugural committee.
Stablecoin firm Circle CEO Jeremy Allaire has announced the firm has donated $1 million USDC to President-elect Donald Trump's inaugural committee. The post Stablecoin Giant Circle Donates 1 Million USDC to President Trump's Inaugural Committee appeared first on Cryptonews.
In a latest development, Circle CEO took to X to announce Circle's contribution of 1M USDC to President Trump's Inaugural Committee. @circle has contributed 1M USDC to President Trump's Inaugural Committee.
Circle has donated $1 million to President-elect Donald Trump's inaugural committee. Circle CEO Jeremy Allaire announced the contribution on social media, emphasizing that the committee's acceptance of USDC highlights the growing adoption of digital currencies in mainstream finance.
TL;DR Coinbase Wallet users can now receive funds directly from their bank accounts without any fees. Bank deposits are automatically converted to USDC, making it easier to plan for recurring investments. Users can earn additional rewards with USDC while their funds remain secure in the wallet.
Coinbase Wallet users can now receive funds directly from their bank accounts. This feature is available to most users worldwide and promises to make funding your wallet as easy as pie.
In a latest development, Ethereum founder Vitalik Buterin is once again on a meme-coin dumping spree, as he recently offloaded a few dog-themed meme coins like ESTEE, LDOG, etc. The recent dumps comes after ESTEE price rallied 440% from its intra day low in a massive investor buying. Buterin reportedly sold 50.
Ethereum co-founder Vitalik Buterin transferred almost $1 million in Circle stablecoin USDC to his biotech fund donation address, Kanro.
Ethereum dominates USDC's supply at 65%, but Solana, Base, and Hyperliquid now capture a growing share of the market.
MEXC, a leading global cryptocurrency exchange, has announced the launch of a Zero Trading Fee Event for all USDC spot trading pairs. For a limited time, MEXC users can enjoy 0% Maker and Taker fees.
TL;DR USDC's circulating supply has nearly doubled from its 2023 lows, reaching approximately $44 billion as of January 2, 2025. The growth is driven by increased on-chain activity, particularly on alternative layer-1 networks like Solana and Hyperliquid. Diversification across blockchain networks and the rising adoption of DeFi applications have also contributed to USDC's significant expansion.
Now USD Coin starts the new year with a market capitalization of 44.5 billion dollars.
USDC's circulating supply surged 80% from its 2023 lows as on-chain activity and adoption across multiple blockchain networks expanded.
The stablecoin is also more widely distributed across blockchain networks.
With USDT already delisted in the EU, crypto investors face a critical decision: Should you switch to USDC? Here's everything you need to know about the differences, risks, and opportunities.
Coinbase CEO Brian Armstrong has signaled interest in incorporating Circle's USD Coin (USDC) for payments on X, formerly known as Twitter. In a Dec. 29 post, Armstrong suggested that USDC payments would be a valuable addition to the platform and called on the X team to explore implementing this feature.
Hyperliquid's network faces heightened scrutiny following a $249 million USDC outflow and allegations of suspicious transactions.
In the last 24 hours, a crypto whale deposited 18.3 million USDC into Hyperliquid, reportedly intending to purchase HYPE, the exchange's native token. The news comes after Hyperliquid experienced substantial outflows of the stablecoin USDC, with over $100 million leaving the platform on Monday, per data compiled by Hashed on Dune Analytics.
TL;DR HyperLiquid faces a critical situation after recording a record $60 million outflow in USDC, sparking speculation about possible attacks by North Korean hackers. Analysts point out that addresses linked to North Korea might be testing vulnerabilities, incurring losses exceeding $700,000 on the platform.
HyperLiquid users are flagging fund exodus amid links with North Korean hackers.
North Korea-linked addresses, said to be possibly testing the exchange for weaknesses, have accrued losses exceeding $700,000, according to one observer.
