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Binance announced a promotional campaign for its USDC simple earn flexible products, which ends on June 30, 2024.

Binance announces the launch of its USDC Flexible Products, promising up to 8% APR rewards for users who subscribe.

Coinbase has sent shockwaves through the cryptocurrency sphere with the revelation of its substantial $28 billion investment in Circle, sparking discussions about the transformative potential of this monumental partnership. As the crypto market continues to evolve, Coinbase's strategic move has ignited speculation about the future trajectory of USDC adoption and blockchain innovation.

Coinbase head of tokenization Anthony Bassili described plans for its Base network at TokenizeThis 2024 in Miami.

Binance, one of the leading cryptocurrency exchanges, has announced the addition of USDC on its Dual Investment platform. Users can now participate in Buy Low & Sell High products with various USDC pairs, allowing them to earn rewards on popular cryptocurrencies.

In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena's USDe. The warning follows Ethena and USDe's integration with Bybit, a crypto exchange allowing perpetual trading.

Despite a significant amount of monthly transactions, less than 10% are made online or in the real world to pay for purchases.

Tether's USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market.

Private credit has been at the forefront of crypto's asset tokenization trend with over $600 million outstanding on-chain assets.

Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin.

Pike highlighted that the exploit occurred due to their team's inadequate integration of third-party technologies such as the CCTP or Gelato Network's automation services.

On May 1, DeFi protocol Pike Finance corrected its description of a recent exploit and said it was not caused by a USDC vulnerability, as previously stated. According to the company's latest statement: “The term ‘USDC vulnerability' was inaccurate for summarizing last week's exploit.

Hackers exploit “USDC vulnerability” to steal from Pike Finance for the second time in three days.

Decentralized protocol for cross-chain lending Pike Finance has suffered a $1.6 million loss due to weak security measures in functions managing USDC transfers.

Is USDC's overtaking of USDT a signal of changing stablecoin dynamics and regulatory needs?

USD Coin (USDC) has surpassed Tether (USDT) in transaction volume, marking a significant shift in stablecoin market dynamics according to Visa's latest data.

The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle's USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to on-chain analytics from payments giant Visa.

The volume of transactions of stablecoins, Tether (USDT), USD Coin (USDC) and DAI, has surpassed that of Visa in 2023.

Circle's stablecoin has overtaken USDT to become the market leader in transaction volume.

Visa Inc. data shows Circle's USD Coin outperformed the bellwether Tether (USDT) in transaction volume so far in 2024. Recent starts show that USDC's market share has grown steadily since early January. The stablecoin saw $456 billion in transactions over the last week, eclipsing Tether's $89 billion.

Over the years, Tether's USDT has dominated the industry as the preferred stablecoin among its pairs, trading as the third largest crypto after Bitcoin and Ethereum, with a market capitalization of $110.64 billion.

Transaction volume in the past 30 days for Tether, USDC, and DAI, has surpassed Visa's 2023 monthly average, according to Nansen.

Despite Circle's rising transaction count, Tether's USDT still accounts for over 68% of the entire stablecoin market.

Circle Internet Financial's stablecoin, USDC, has achieved a significant milestone in the stablecoin market. It has surpassed Tether's USDT in transaction volume, as pointed out by Visa, a globally recognized digital payments tech company.