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The move lets BlackRock USD Institutional Digital Liquidity Fund (BUIDL) holders transfer their shares to Circle for USDC.

Circle, the issuer of the prominent stablecoin USDC, announced a significant development in its collaboration with financial giant BlackRock. On April 11, Circle unveiled a novel smart contract functionality.

Holders of BlackRock's first tokenized fund will now be able to transfer their shares to receive USDC.

Circle, the issuer of USDC, announced a new smart contract functionality that allows holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC.

Investors in BlackRock BUIDL fund can now swap holdings for USDC tokens with ease.

BlackRock USD Institutional Digital Liquidity Fund, the first tokenized fund launched by BlackRock, can now be transferred to Circle using the USDC stablecoin.

Circle has integrated Ethereum's zero-knowledge layer-2 solution zkSync into its native stablecoin, USD Coin, enhancing transaction processing speed and preserving Ethereum's foundational values, thereby expanding its availability in the Ethereum layer-2 ecosystem.

Koi Finance, SyncSwap, and ZeroLend are among the initial adopters of USDC on zkSync.

Ripple CEO Brad Garlinghouse believes a stablecoin is a natural fit for Ripple, complementing their existing XRP cross-border payment solutions.

Alright, guys. Gather around for the lowdown on the latest interesting development in the crypto industry.

Fantom (FTM) experienced an 11% increase over the past week, making it one of the top performers in the top 50 cryptocurrencies by market capitalization.

A renewed focus on boosting its meme coin ecosystem and bridging native USDC is fueling bullish interest in Fantom.

Circle, a leading stablecoin issuer, has officially expanded support for its USD Coin (USDC) to include Ethereum's zkSync, a zero-knowledge layer-2 solution. This move, announced on April 9, 2024, marks a significant enhancement for the ecosystem, enabling developers to utilize USDC on a scalable and efficient platform.

The aim is to create a more open and inclusive financial system for stablecoins such as USDC.

A surge in DeFi applications building on zkSync has led to demand for stablecoins that support the blockchain.

Circle announces native USDC availability on zkSync, simplifying transactions for Ethereum users.

This groundbreaking development is set to usher in a new era of accessibility and innovation. It targets enterprises and builders leveraging the power of USDC, a leading stablecoin.

Ethereum (ETH) rival Fantom (FTM) is launching a new “canonical” stablecoin in partnership with USDC-issuer Circle. Fantom will utilize the cross-chain messaging protocol Wormhole (W) to roll out the new stablecoin, USDC.e. Explains the Fantom Foundation, “USDC.

Ripple has announced its entry into the stablecoin fray with a US dollar-backed token, setting its sights on challenging industry giants USDT and USDC. The initiative, which will see initial issuance on the XRP Ledger and Ethereum blockchain, aims to diversify and robustify the current stablecoin market, which is estimated to grow to over $2 trillion by 2028.

Ripple's CTO David Schwatrz predicts that the stablecoin market's valuation could soar from around $150 billion now to $2 trillion by 2028.

As the cryptocurrency market experiences a resurgence amid the ongoing bull run, investors are actively seeking out the best assets to bolster their portfolios. With the SEC's recent approval of twelve Bitcoin spot ETFs, the market's upward trajectory has been further fueled, underscoring the growing interest in digital assets.

Fantom launches USDC.e stablecoin with Circle and Wormhole support, enhancing ecosystem liquidity.

American blockchain payments firm Ripple Labs Inc. has announced its plans to launch a stablecoin asset that will rival current dominant alternatives in the market. Ripple Labs Stablecoin and Push for Transparency As the firm noted, its stablecoin will change the game as it concerns transparency concerning its reserves.

Ripple expects the stablecoin market to surpass $2 trillion by 2028 and aims to compete with Circle's USDC and Tether USDT.