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TL;DR USDC on Celo: Circle will launch its USDC stablecoin on the Celo network, a strategic collaboration for fast and affordable payments. Celo Governance Vote: Upcoming vote on Celo to decide whether USDC will be the official gas currency on the network, crucial for efficient transactions.
Circle is set to launch its U.S. Dollar-pegged stablecoin, USDC, on the Celo blockchain network.
Imminent vote on Celo governance: USDC could become the official gas currency.
Circle, the entity behind major stablecoins like USDC and EURC, has announced its decision to introduce its USD-pegged stablecoin on the Celo network. Notably, Celo, initially an EVM-compatible Layer 1, is in the process of evolving into an Ethereum Layer 2 scaling solution.
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
An imminent governance vote will determine if the stablecoin USDC should become Celo's official gas currency.
Cryptocurrency exchange Coinbase will charge a fee for converting the stablecoin USD Coin (USDC) into USD. According to a Jan.
The changes will be charged to institutional customers for conversions exceeding 75 million dollars.
Crypto exchange Coinbase said Monday that it rolled out a new fee structure for USDC to USD conversions over $75 million.
In a recent X (formerly Twitter) exchange, Charles Hoskinson, cofounder of Cardano (ADA), responded to criticisms regarding the integration of Circle's USDC into the Cardano blockchain. The conversation was sparked by a tweet from a user named Alf - Vault #119, expressing frustration about the perceived lack of transparency and urgency regarding a potential $10 million investment to bring USDC to the Cardano chain.
Santiment highlights how whale accumulation of the most used cryptos is important for a trend shift in crypto prices.
The partnership involves the utilization of Chainlink's Cross-Chain Interoperability Protocol (CCIP) in conjunction with Circle's Cross-Chain Transfer Protocol (CCTP). This collaboration provides developers with the tools to build applications facilitating effortless USDC payments and transfers across diverse blockchain networks.
The market value of stablecoins reached the highest point in nearly an year. The post USDT, USDC on track to record another successful month in January appeared first on AMBCrypto.
USDC's open technology is currently accessible on 15 different blockchains.
In a strategic move to broaden its array of trading choices and elevate user experience, Binance introduced four new spot trading pairs on Friday, January 19, 2024. The newly added pairs include Ethereum Classic (ETC), Ethereum Name Service (ENS), Celestia (TIA), and Sui (SUI) as base currencies.
Decentralized oracle network Chainlink (CRYPTO: LINK) is integrating Circle's Cross-Chain Transfer Protocol (CCTP) into its Cross-Chain Interoperability Protocol (CCIP). The goal is to facilitate the transfer of USD Coin (CRYPTO: USDC) across multiple blockchains, unlocking new possibilities for DeFi applications and global payments.
USD Coin (USDC), the second-largest stablecoin by market capitalization, has seen its market share on centralized crypto trading platforms grow significantly during the past months.
Chainlink has partnered with Circle to integrate their cross-chain communication protocols - CCIP and CCTP - enabling easy, secure transfers of the USDC stablecoin across different blockchains.
Dog-themed cryptocurrency Dogecoin (DOGE) has secured an exciting new listing on the world's largest crypto exchange by trading volume, Binance.
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading.
Decentralized oracle project Chainlink has recently incorporated Circle's cross-chain transfer protocol (CCTP) into its own Chainlink Cross-Chain Interoperability Protocol (CCIP) system. The integration aims to enable the “secure transfer” of Circle's USDC stablecoin across different blockchains.
The crypto market is witnessing a remarkable resurgence of USDC, the second-largest stablecoin by market capitalization. According to Kaiko market data, USDC's CEX volume market share has more than doubled since January 2022.
Circle's 2024 report on the USDC economy highlights significant growth in stablecoin adoption and usage, with a 59% increase in USDC wallets and over $12 trillion settled in blockchain transactions since its inception.
Chainlink, a decentralized oracle network, has announced its integration with Circle's cross-chain transfer protocol (CCTP). This collaboration is set to bolster the movement of the USDC stablecoin across various blockchains, marking a notable advancement in blockchain interoperability and stablecoin utility.
