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In 2023, the Circle-backed stablecoin USDC experienced both challenges and growth, according to a recent report by the issuer. The number of individual USDC wallets with a balance of at least $10 grew by 59% last year.
Despite a steep drop in USDC's circulating supply, its user base may have increased over the course of the year.
Calls for Cardano to integrate the USDC stablecoin are increasing, but concerns over cost and centralization remain unaddressed.
According to the USDC Economy 2024 Report, Circle sees a spike in remittances via its USDC stablecoin, channeling $130 billion into Asia in 2022.
A recent report by Circle, the issuer of the USDC stablecoin, indicates a significant increase in remittance flows through Asia utilizing USDC. In 2022, transactions amounting to $130 billion were recorded in the region.
Since its introduction in 2018, USDC has been used to settle over $12 trillion in blockchain transactions.
Circle, the creator of the USDC stablecoin, has discreetly submitted its initial public offering (IPO) filing to the U.S. Securities and Exchange Commission (SEC). This move follows a little over a year since the termination of its previous plan to go public through a special purpose acquisition company (SPAC).
Coinbase has partnered with Yellow Card to enable seamless USDC transactions across 20 African nations. Through a blog post, Coinbase says the expansion gives users in these economies access to USDC directly on its wallet app, starting in February.
Circle expands international support for USDC in 185 countries, up from 88, facilitating wider minting and redemption.
Financial firms in the U.S. are “not too comfortable” with USDT and would rather worldwide crypto users execute their stablecoin transactions in USDC.
USDC issuer Circle wants to become a publicly traded company in the US. The stablecoin company says in a new announcement that it submitted a draft registration statement to the Securities and Exchange Commission (SEC) related to a proposed initial public offering (IPO) of its equity securities.
Coinbase is expanding its services across 20 African nations in partnership with Yellow Card. This initiative promises to introduce USDC, a stablecoin, across emerging economies, revolutionizing remittance and savings practices in regions plagued by economic volatility.
Coinbase has announced the expansion of its services to emerging economies, with an initial focus on 20 countries in Africa. The crypto exchange revealed in a blog post on Jan.
Coinbase, the cryptocurrency exchange, has teamed up with Yellow Card in Africa to bring its services to 20 additional countries across the continent. The main goal is to enhance accessibility to USD Coin, a stablecoin valued at $1.00, in these regions.
With the filing for an IPO, Circle aims to capitalize on the growing interest in crypto assets, despite recent industry setbacks.
USD Coin (USDC) issuer Circle has “confidentially” filed an initial public offering with the U.S. Securities and Exchange Commission (SEC) today, Jan. 11. The company submitted a draft registration statement on Form S-1 with the financial regulator as part of its “proposed initial public offering of its equity securities.
A Circle IPO is on the way after the company filed confident documents with the SEC for shares of the stablecoin company.
Circle CEO remains committed to public listing, files IPO papers again after previous $9B attempt met regulatory block.
In a groundbreaking move, Circle, the issuer of the USDC stablecoin, has confidentially filed for an Initial Public Offering (IPO), according to reports from Reuters and other sources. This marks a significant milestone in the crypto industry, as it could potentially pave the way for other crypto firms to follow suit.
Circle Internet Financial, the entity responsible for the prominent stablecoin USDC (CRYPTO: USDC), announced its confidential filing for an initial public offering (IPO) in the United States. This move aligns with the company's ambition to transition into a publicly traded entity, Reuters reported.
Circle was previously valued at $9B in a 2022 SPAC deal that the firm ended in Dec 2022.
Circle USDC and web3 service provider for the financial system has taken a significant step towards going public by filing for IPO. The company has filed a draft S-1 document with the U.S. Securities and Exchange Commission (SEC), paving the way for a potential initial public offering (IPO).
USDC stablecoin issuer Circle has confidentially filed for an initial public offering of its equity securities.
Binance Futures, the leading crypto derivatives exchange, has recently announced a new promotional campaign involving $170,000 in USDC rewards to increase engagement and awareness of its newly launched USDC-margined perpetual contracts.
