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Coinbase, one of the leading cryptocurrency platforms, announced on October 12, 2023, that it will no longer support withdrawals of pUSDC, the wrapped version of USDC on the Polygon network. However, pUSDC deposits will still be available, and users can withdraw the native version of USDC on Polygon instead.
A user lost what had been worth $131,350 while swapping USDR for USDC following the 50% crash of USDR's price on Oct. 11.
Crypto news in Circle's house: on the one hand, the launch of the native USDC stablecoin on the Polygon network and, on the other, the collaboration with crypto-exchange Coins.ph to promote remittances denominated in USD Coin.
While Circle faces significantly big competition from rival stablecoins issued by Tether (CRYPTO: USDT) and PayPal (CRYPTO: PYUSD), its recent developments like minting native (CRYPTO: USDC) coin, partnerships and integrations across, have taken the USDC issuer on a roll. The company is aiming to roll out the stablecoin on six more blockchain networks in the upcoming months.
In a significant development for cryptocurrency enthusiasts, Coinbase, a leading crypto exchange, has broadened its horizons by incorporating the Polygon (MATIC) network into its roster of supported blockchains for USDC. This announcement marks a pivotal moment in the crypto landscape, providing users with an enhanced level of flexibility when it comes to managing their digital assets.
“Circle is delving into the world of Ethereum's Layer 2, Polygon, to facilitate the direct provision of USDC liquidity within the proof-of-stake scaling protocol.
Circle has launched the native version of its USDC stablecoin on Polygon as it attempts to shore up the coin's dwindling market share.
Circle has partnered with the Philippines-based crypto exchange Coins.ph to facilitate remittances through its USDC stablecoin/
Circle's groundbreaking move to mint USD Coin (USDC) natively on Polygon promises a revolution in seamless, cost-effective blockchain transactions.
18 million users of Coins.ph are expected to receive a faster, lower-cost and more accessible remittance option as a result of the new partnership with Circle.
In a significant breakthrough, the Polygon Proof of Stake (PoS) network has introduced native USDC integration, effectively removing the need for complex bridging processes. This transformative update opens up a world of possibilities for developers and users alike, as they can now directly access USDC on the Polygon PoS network.
Circle has natively integrated USDC on the Polygon PoS network, enabling direct access for users and developers. This move phases out the need for bridged USDC.e, providing a more stable and straightforward means for transactions on the network.
Coins.ph joins forces with Circle to introduce USDC remittances, targeting a more efficient and affordable money transfer solution for millions of Filipinos abroad, supporting the UN's goal of trimming remittance costs by 2023.
With its native stablecoin being the second largest, the ecosystem of hundreds of Polygon-based dApps has received a modern and convenient value transfer mechanism. Support for operations with bridged the Ethereum-to-Polygon version of the asset will be sunset in a month.
After contending with the SEC that stablecoins shouldn't fall under the same regulations as traditional securities, Circle has chosen to take the initiative. USDC can now be accessed directly on Polygon PoS without the need for bridges.
In a remarkable stride towards enhancing transaction fluidity, USDC, managed by stablecoin issuer Circle, has now been natively integrated into Polygon PoS, negating the need for bridging. This integration ushers in a new era where developers and users can effortlessly access USDC liquidity on Polygon's Proof-of-Stake (PoS) blockchain, famed for its fast and cost-effective network.
Circle stablecoin issuer has unveiled its latest initiative of minting USD Coin (USDC) directly on the Ethereum layer-2 scaling protocol, Polygon. This development simplifies the process for users and developers, eliminating the need to bridge the stablecoin from Ethereum to another blockchain.
Circle has initiated the minting of its stablecoin, USDC, directly on Ethereum's layer-2 solution, Polygon, aiming to enhance transaction speed and reduce fees.
Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol.
Circle has achieved yet another milestone in the realm of digital assets Polygon PoS mainnet.
According to transaction data, it appears that the Ethereum Foundation made a sale of 1700 ETH for 2.76 million USDC, the USD Coin stablecoin.
The Ethereum (CRYPTO: ETH) Foundation has converted 1,700 ETH, valued at approximately $2.76 million, into Circle's USDC (CRYPTO: USDC) stablecoin. What Happened: According to scopescan, an on-chain analytics firm, "the Ethereum Foundation has just sold 1,700 ETH ($2.76 million) for USDC.
Blockchain sleuths spotted the Ethereum Foundation trading 1,700 ETH for a hefty $2.76 million in USDC stablecoins. This comes hot on the heels of Ethereum's co-founder, Vitalik Buterin, transferring a cool $3.79 million in ether within a mere ten days. Ethereum Foundation Parts With Ethereum in $2.
The Ethereum Foundation — the non-profit organization dedicated to supporting Ethereum Ethereum (ETH) and related technologies — announced it had sold 1,700 ETH for USD Coin (USDC).
