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The Ethereum Foundation recently executed a significant transaction, swapping 1,700 ETH for 2.738 million USDC on the decentralized platform Uniswap. Significantly, this action underscores the rising prominence of stablecoins in the evolving digital economy.

The Ethereum Foundation has reportedly sold 1,700 ETH for 2.738 million USDC. The transaction took place on the decentralized exchange Uniswap at 16:18 UTC+8, further solidifying the narrative around the growing utilization of stablecoins in the digital economy. 2 hours ago, Grant Provider: 0x9ee4 (Ethereum Foundation wallet) sold 1.7K $ETH ($2.74M) at $1611. pic.twitter.

Coinbase's Ethereum-based layer2 platform, Base, has remained elevated over the past seven days, recording an impressive performance in total value locked. L2Beat data shows Base TVL increased by 25.15% within the last week to $556 million. Base outshining zkSync Era Base network's significant surge in TVL has seen it outpacing zkSync Era's $435 million TVL.

As part of the strategic agreement with Circle Ventures, XION will use USDC as its primary transactional currency

Burnt announced its public testnet for Xion, a Layer-1 blockchain that will use the Circle-issued USDC as its native transactional currency.

Base, the Coinbase-incubated Layer-2 blockchain, faces challenges as its Total Value Locked takes a hit in the past week.

Base's TVL witnessed a drawdown of over 18% in the past week.

Circle (CRYPTO: USDC), the issuer of USDC, plans to venture out on Cosmos through its cross-chain transfer protocol system. This is expected to make transfers seamless and benefit USDC's market cap.

Native USDC is coming to Cosmos mainnet later this month.

Polygon will integrate USDC, offered by Circle, on 10 October. Ahead of that, MATIC's daily chart turned bullish.

In a legal twist, Circle challenges the SEC's stance on stablecoins in the ongoing case against Binance.

More than $20 million in USDT and USDC stablecoins on PulseChain are in the balance, vulnerable to potential blockades by their respective issuers, Tether and Circle.

Circle, the company behind the popular stablecoin USDC, has entered the legal battle between the U.S. Securities and Exchange Commission (SEC) and Binance. In a recent filing, Circle asserted that stablecoins like USDC do not constitute investment contracts and therefore should not fall under the SEC's jurisdiction.

Snook, a multiplayer game, is launching on Arbitrum, an Ethereum layer-2

Snook charts a new course for Web3 games by expanding to Arbitrum.

MoneyGram, a global payments platform, is set to launch a non-custodial wallet, enabling users to seamlessly swap between fiat currency and USDC, a stablecoin tied to the US dollar.

MoneyGram, one of the world's biggest remittance company, has announced plans to launch a stablecoins wallet with the company stating: “The wallet, which will officially debut in Q1 2024, will.

Polygon (CRYPTO: MATIC), the leading layer 2 scaling solution on Ethereum (CRYPTO: ETH), will now enjoy the addition of USDC (CRYPTO: USDC) stablecoin on its blockchain network. It has the largest developer ecosystem and the strongest liquidity among all blockchains.

USDC Polygon Launch is coming soon, powered by $475B transactions, with person-to-person usage up to 40%—wallets holding >$10 USDC surge to 207K.

Circle simplifies identity with USDC and EURC stablecoin rebrand. Previously known as USD Coin and Euro Coin, the stablecoins will now simply go by USDC and EURC.

Top stablecoin issuer Circle adjusted the official names of its dollar and euro-pegged stablecoins to USDC and EURC.

Developers and users can now access Polkadot USDC via Circle, allowing seamless transmission of the stablecoin to Polkadot parachains using the XCM protocol.

Circle, the issuer of USDC, the second-largest stablecoin by market capitalization, has made a significant move by launching USDC natively on Polkadot, a Layer 0 network created by Ethereum co-founder

In a bid to increase its market share, Circle has announced the launch of USDC on Polkadot.