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A surge in DeFi applications building on zkSync has led to demand for stablecoins that support the blockchain.

Circle announces native USDC availability on zkSync, simplifying transactions for Ethereum users.

This groundbreaking development is set to usher in a new era of accessibility and innovation. It targets enterprises and builders leveraging the power of USDC, a leading stablecoin.

Ethereum (ETH) rival Fantom (FTM) is launching a new “canonical” stablecoin in partnership with USDC-issuer Circle. Fantom will utilize the cross-chain messaging protocol Wormhole (W) to roll out the new stablecoin, USDC.e. Explains the Fantom Foundation, “USDC.

Ripple has announced its entry into the stablecoin fray with a US dollar-backed token, setting its sights on challenging industry giants USDT and USDC. The initiative, which will see initial issuance on the XRP Ledger and Ethereum blockchain, aims to diversify and robustify the current stablecoin market, which is estimated to grow to over $2 trillion by 2028.

Ripple's CTO David Schwatrz predicts that the stablecoin market's valuation could soar from around $150 billion now to $2 trillion by 2028.

As the cryptocurrency market experiences a resurgence amid the ongoing bull run, investors are actively seeking out the best assets to bolster their portfolios. With the SEC's recent approval of twelve Bitcoin spot ETFs, the market's upward trajectory has been further fueled, underscoring the growing interest in digital assets.

Fantom launches USDC.e stablecoin with Circle and Wormhole support, enhancing ecosystem liquidity.

American blockchain payments firm Ripple Labs Inc. has announced its plans to launch a stablecoin asset that will rival current dominant alternatives in the market. Ripple Labs Stablecoin and Push for Transparency As the firm noted, its stablecoin will change the game as it concerns transparency concerning its reserves.

Ripple expects the stablecoin market to surpass $2 trillion by 2028 and aims to compete with Circle's USDC and Tether USDT.

Seeking to capture some of the growing stablecoin market, Ripple is launching a competitor to Tether and Circle's stablecoins.

The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents." according to the company.

Stablecoin supply on the layer-1 blockchain network Solana has increased steadily since the beginning of the year, crossing the $3 billion mark during the past week. Data from the blockchain analytical platform Artemis shows that the stablecoin supply on the network has increased by 55.72% in the last three months to reach $3.12 billion.

The cumulative supply of Tether, USD Coin, and Dai has risen to 141.42 billion dollars.

Binance, a leading cryptocurrency exchange platform, has unveiled an enticing promotion aimed at enhancing trading opportunities for its users. The promotion targets USDC spot and margin trading pairs, offering discounted taker fees to participants.

Whales might be waiting for the market to correct significantly to fill up their coffers.

Manta Network bridges wUSDM withdrawals to USDC via Ethereum mainnet.

CryptoQuant, an on-chain crypto analytics firm, reports the largest inflow of the stablecoin USDC to Coinbase, amounting to $1.4 billion.

Coinbase, an outstanding cryptocurrency exchange, received $1.4 billion, the USDC stablecoin backed by the USA dollars and Circle issued. This deal has kept the process of cryptocurrency currency brainstorming, as for the majority, it is considered a clear indication of investors' readiness to invest their money in this domain of digital finance.

On-chain data shows Coinbase has just witnessed its largest USD Coin (USDC) inflow. Here's why this may be relevant for Bitcoin.

On March 29, a massive $1.4 billion transfer of USDC, a fiat-backed stablecoin issued by Circle, was moved to Coinbase, one of the leading crypto exchanges. Sharing a screen grab that cites CryptoQuant's data, the analyst said the hefty inflow could suggest that bulls might be ready to inject capital.

Meme coin Dogecoin (CRYPTO: DOGE) had an eventful week with a 40.1% gain, outpacing the gains of the largest cryptocurrencies. Here's a look at what happened and what's next.

The $1.4 billion USDC deposit on Coinbase has reignited predictions of yet another Bitcoin pump.

CryptoQuant analyst Maartunn has taken note of the largest influx of the USDC stablecoin in history.