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The partnership will purportedly bring USDC to 2 million users in Chile.

Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version.

Latin American digital payment platform Mercado Pago is now offering USDC payments for customers in Chile, Circle CEO Jeremy Allaire announced Tuesday on X, formerly Twitter.

In a strategic move aimed at enhancing financial accessibility and stability, Circle, the instant money transfer service, has joined forces with Latin American payment giant Mercado Pago to introduce the USDC stablecoin to customers in Chile.

Circle is joining forces with Latin American payments giant Mercado Pago to introduce the USDC stablecoin to customers in Chile.

Fee distribution data from Santiment shows an interesting trend within the crypto world as some memecoins surpass established stablecoins such as USDC and USDT in gas usage. Santiment added that speculative trading results in this unusual event.

Rocket Pool's GMC plans to convert 20% of monthly inflow payments to USDC starting September, aiming to attract a diverse applicant pool despite challenges in optimal allocation strategy.

Solana's native SOL, as well as the BONK token, will be added to the new payment option in the future.

The USD Coin (USDC) market cap is currently at a two-year low, with analysts saying it's yet to fully recover after depegging earlier in the year.

According to Coinbase's post on August 22, the cryptocurrency exchange and the issuer of USDC Circle have reached a strategic agreement to “unlock additional utilities and grow the USDC ecosystem.” Coinbase reportedly invested in Circle Internet Financial, the firm behind the second-largest stablecoin.

This announcement is part of a broad plan to expand the cryptocurrency's global reach and utility.

With the market's second-largest stablecoin USDC in something of a death spiral, experts weigh on in what's keeping the digital dollar down.

As bitcoin ( BTC ) struggled to recover this week, the crypto market was abuzz with its new hyped project, and law enforcement made several announcements as well. Additionally, there were several negative reports impacting the market's largest exchange Binance.

In a monumental stride for the realm of cryptocurrencies, Circle, the issuer behind the popular USDC stablecoin, is on the brink of launching an extensive expansion across diverse blockchain ecosystems. This groundbreaking move heralds a new chapter in the world of digital assets and trading.

This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange.

The countdown begins

Solana Pay integrates with Shopify, revolutionizing e-commerce payments, leveraging USDC's stability. A groundbreaking synergy poised for transformative impact.

Circle has announced that its dollar-based stablecoin, USDC, will be added to six new blockchains including; Base, Cosmos via Noble, NEAR, Optimism and Polkadot, and Polygon PoS. The first five will be added in September, with Polygon joining in October.

Web3 interoperability blockchain Polkadot has begun a countdown to the launch of stablecoin giant USDC, which is coming to its platform in September.

Solana Pay is now integrated with Shopify, enabling enterprises on the e-commerce platform to leverage the protocol for transactions.

Solana Pay has partnered with Shopify for an integrated payment solution in a move that could shake up the crypto industry, or at the very least, the payments sector. Solana Pay is a near-zero gas fee, free-to-use platform built on Solana's popular blockchain.

In a significant move, Voyager has completed the compensation process for its token sales, with the latest transfer of 12.89 million USDC to Circle for conversion into US dollars.

In addition to aiding USDC payments on Shopify, the integration will allow businesses to design their respective loyalty programs.

Solana Pay is now connected to Shopify thanks to the integration of a plug-in that allows the e-commerce giant's customers to connect Solana-based crypto-wallets and pay.