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Circle, the stablecoin issuer behind USDC, has announced a partnership with FamilyMart, Taiwan's second-largest convenience store chain, and local crypto exchange BitoGroup.
USDC Coin (CRYPTO: USDC) issuer, Circle, announced its partnership with Taiwanese crypto exchange BitoGroup and Taiwan FamilyMart to deepen its presence in the market. The three companies are looking to launch a points-to-crypto service enabling users to convert their FamilyMart loyalty points into cryptocurrencies like USDC.
The stablecoin issuer has also joined forces with BitoPro Crypto Exchange operator, BitoGroup. Circle Internet Financial has announced a strategic partnership agreement with BitoGroup and Taiwan FamilyMart in a bid to expand USDC's usage in East Asia.
In a notable development in the cryptocurrency world, Worldcoin, the pioneering project that aims to verify people's uniqueness and existence through its Operator network, has officially announced a strategic change in its payment policy. Effective October 10, 2023, Worldcoin will cease payments in the USDC stablecoin, instead opting for its native WLD cryptocurrency.
As the interest rate environment has changes, the market of EUR stablecoin issuers has changed significantly. Circle Internet Financial has become the largest EUR-backed stablecoin (EURC) issuer on the market, surpassing Tether's EURT and Stasis' EURS stablecoins.
Worldcoin, a prominent cryptocurrency venture, recently unveiled its plans to pay its Orb Operators, responsible for iris-scanning processes, using its in-house Worldcoin (WLD) token. This strategic shift implies moving away from the USD Coin (USDC) payments starting from November.
The Worldcoin Foundation has disclosed plans to compensate orb operators with WLD tokens rather than USDC stablecoins for scanning individuals into the Worldcoin network.
By November, all Orb operators are expected to be paid entirely in WLD rather than USDC.
Worldcoin has been met with ambitious acceptance in the crypto community and has made waves in the blockchain and crypto space. The recent report explains that Orb's operations are to be paid in the native token WLD and not USDC (USD coin).
Binance's development plan promises improved functionality, accessibility, and efficiency for users, impacting decentralized finance.
The integration will provide the exchange's users with stablecoin options for faster and more efficient transactions.
It was launched on the crypto markets at the end of July at a price of around $2. The very day it was launched, it reached its current all-time high of $3.5, but the next day it was back down to $2.
Binance is offering support for USDC on Polygon, the native network for US dollar-based stablecoin issued by Circle Internet Financial (Circle). The exchange will announce the opening deposits and withdrawals on a separate date.
Binance, a key player in the cryptocurrency exchange realm, has taken a significant step by integrating the Polygon network's native USD Coin (USDC) into its system. This move marks the exchange's growing commitment to enhancing the trading experience by diversifying its offerings.
Worldcoin Orbs operators will start receiving rewards in WLD as the project phases out USDC gradually.
The controversial biometrics project Worldcoin is transitioning to paying out rewards to its operators solely in its native WLD token rather than stablecoins like USDC. The move aims to boost WLD distribution but has also impacted its price.
Worldcoin is transitioning its payment method for Orb Operators from USD Coin to its native Worldcoin token as part of a development phase.
The Worldcoin Foundation will phase out USDC rewards in favor of Worldcoin (WLD) token rewards for its Orb operators by early November. The move completes a transition phase for Worldcoin operators that started on Oct. 10, 2023.
Worldcoin will reward Orb operators exclusively in its native WLD token, replacing the USD Coin (USDC) stablecoin, starting in November. On Oct. 22, the Worldcoin Foundation clarified that the USDC rewards were distributed “during a transitional phase” of their project.
The Worldcoin Foundation team plans to pay Orb operators in the native tokens of the crypto project, WLD, and not in the USDC stablecoin. Information about this appeared on the company's blog.
The Worldcoin Foundation is undergoing substantial changes, shifting its approach to compensate Orb Operators using the native WLD token, replacing USDC. This transition, scheduled for completion next month, represents a pivotal development within their ecosystem.
Binance, one of the world's leading cryptocurrency exchanges, has announced its plans to support the native USD Coin (USDC) on the Polygon Proof of Stake (PoS) network, which is issued by Circle. Users can expect deposits and withdrawals to become available soon, and any updates will be communicated separately.
In a pivotal move, the Worldcoin Foundation, the driving force behind the controversial Worldcoin project, has announced a significant change in how it compensates Orb Operators. The Worldcoin Orb Operators are the people responsible for scanning people's irises, using custom imaging devices called Orbs, for network access.
Aside from ditching USDC for its native token, Worldcoin announced some changes to the terms of its WLD loans to market makers.
