USDC: the market cap of the stablecoin recovers after the 2023 slip
Now USD Coin starts the new year with a market capitalization of 44.5 billion dollars.
Keep up with what's happening in the crypto world in real-time.
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.
Bitcoin has faced a rollercoaster of price action over the past few days, hitting an all-time high last Tuesday before succumbing to a sharp 15% correction. The recent volatility has sparked a mix of uncertainty and opportunity among market participants.
Beginning Monday (Dec. 23), moviegoers across the United States will be able to pay for ticket and concession purchases at Regal theaters with the USDC stablecoin. The theater chain will offer this payment method at more than 400 Regal Cinemas in collaboration with Coinbase Wallet and Flexa, Coinbase said in a Thursday (Dec.
Starting December 23rd, Coinbase Wallet users can save 10% on tickets and concessions at Regal Movies theaters. This offer is made possible through a new partnership with Flexa.
With the rapid development of blockchain technology, traditional mining methods have gradually revealed their high cost and high energy consumption problems. As an emerging mining method
Stablecoin issuer Circle has unveiled the Cross-Chain Transfer Protocol for the Sui Network and its users. The protocol is now live on the mainnet, allowing Sui Network developers, as well as their users, to transfer USDC across nine different blockchains, including Ethereum and Solana.
Global payroll provider Remote has partnered with Stripe to enable USDC payments for contractors in 69 countries, offering faster, stable, and cost-effective cross-border transactions.
Hyperliquid's HYPE token launch sparked $1 billion in USDC inflows, driving its Total Value Locked to $3.4 billion. Investor confidence and platform activity continue to surge.
The new service is available "starting with" US companies paying contractors in 69 countries.
Sui Network, aka Sui Bridge has succeeded in integrating Circle's Cross-Chain Transfer Protocol (CCTP), allowing users to securely move their USDC stablecoin across Sui and nine other blockchain networks. This will significantly improve the interoperability and usability of USDC across multiple platforms.
Wormhole extends support for Circle's Cross-Chain Transfer Protocol, enabling seamless USDC transfers across major blockchains with enhanced liquidity and developer integration.
Sui Bridge integrates Circle's Cross-Chain Transfer Protocol (CCTP) enabling seamless USDC transfers between Sui and eight other blockchains, enhancing interoperability and efficiency.
Since launching its native token, HYPE, on Nov. 29, Hyperliquid has experienced a surge in activity, recording over $1 billion in USDC net inflows.
Ripples RLUSD stablecoin, backed by U.S. dollar deposits and operating on both Ethereum and XRP Ledger, enters the market as a competitor to USDC and USDT. With regulatory trust and global expansion plans, RLUSD targets institutional adoption for payments and liquidity.
Hyperliquid's surge is driven by its community-first approach, with its native HYPE token soaring 774.73% in just one month.