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Tether's long-held dominance in the stable coin market is experiencing a significant decline, with its market share plummeting to 74% in 2024. This shift coincides with a surge in popularity for USDC (USD Coin), reflecting evolving investor preferences and heightened regulatory scrutiny in the digital asset landscape.
An ETF su Solana would allow traditional investors to access the growth of this emerging blockchain
Tether's USDT market share declines from 82% to 74% in 2024. The decline comes amidst a surge in USDC trading volume.
EU regulations may be starting to show in the shift of balance between Tether's USDT and Circle's USDC.
USDC stablecoin trading volume has surged to $23B in 2024 as the demand for regulated stablecoins rises.
In the past week, Circle has injected nearly $1 billion in fresh liquidity into the Solana ecosystem.
USDC, Boston-based payments firm Circle's flagship product, is currently seeing the most demand out of all regulated stablecoins, says crypto intelligence firm Kaiko.
USDC stablecoin's trading volume in 2024 has skyrocketed to $23 billion.
USDC Treasury has minted 250 million new USDC on the Solana network, valued at approximately $250,325,000.
USDC leads regulated stablecoin demand, with weekly trading volume reaching $23 billion in 2024 as MiCA compliance reshapes the market. The post USDC weekly volume soars 155% in 2024 following MiCA implementation appeared first on Crypto Briefing.
Trading volume for USDC stablecoin has soared to $23 billion a year. This growth comes amid a growing demand for transparency as traders gravitate towards regulated stablecoin alternatives.
As Europe gears up for the implementation of MiCA regulations, demand for compliant stablecoins has primarily benefited only one company, data shows.
Binance Margin expands its offerings by adding new USDC trading pairs on Cross and Isolated Margin, enhancing user experience and portfolio diversification.
Tether USDT's 24-hour trading volume exceeds the combined total of the following five digital assets, including Bitcoin and Ethereum. Reflecting on Tether's dominance in trading volume provides insight into market liquidity.
MiniPay, an ultralight non-custodial stablecoin wallet built on Celo, will use Multicoin with Pockets. Developed in collaboration with Mento Labs and integrated into the Opera Mini browser,
Oasys partners with Celer Network to inaugurate the USDC bridging service.
Opera Mini's MiniPay wallet has integrated USDT and USDC stablecoins and introduced a new "Pockets" feature for easy swaps
Minipay, an integral feature of the Opera Mini browser, has announced a significant upgrade with the introduction of ‘Pockets'. This new feature now supports USDC and USDT, two of the most widely used stablecoins, thereby enhancing its existing digital asset management capabilities.
Binance Margin announces a one-hour interest fee waiver promotion for borrowing USDC and other cryptocurrencies from July 4 to July 21.
Since launching in September 2023, Opera Mini's MiniPay app has amassed 3 million users.
Planet Mojo is launching its Summer Surge event on 11 July, which will offer several rewards for players and mark the beginning of its new season.
Circle's digital assets designed to be pegged to the US dollar and the euro have achieved compliance with the European Union's laws, according to the stablecoin issuer's CEO, Jeremy Allaire. Allaire says that Circle is now the “first global stablecoin issuer to be compliant” with the Markets in Crypto Assets (MiCA) regulations.
Bridged forms of USDC that follow Circle's Standard can serve as a proxy to USDC in new blockchain ecosystems for developers and users.
OKX introduces Compound v3 (Arbitrum) USDC Earn product, offering users on-chain rewards starting July 3, 2024.
