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Although Jupiter did not disclose when it would release the token, the Solana community showed that it was excited about the prospect.

In a surprising turn, the recent decline of USD Coin (USDC) supply prompts questions about its stability and competitors' gains.

In a significant move that's making waves in the world of digital currency, Circle, the issuer of USD Coin, has made a strategic decision to curtail its minting services for retail users. This decision marks a pivotal moment in the world of cryptocurrency, as it has caused the circulating supply of USD Coin to drop below 25 billion for the first time since 2021.

The growth of the world's largest stablecoin, namely USDT (Tether), continues: its dominance has expanded to such an extent that its market capitalization has risen to nearly 3.7 times that of the world's second largest stablecoin, namely USDC (USD Coin).

Coinbase generated $674.1 million in revenue during the third quarter of 2023 compared to $590.3 million for the same period in 2022.

USDC issuer Circle Internet Financial said Tuesday it is curbing service for individual accounts to mint stablecoins. "Circle is phasing out support for legacy consumer accounts and has notified individual consumers of this decision," a Circle spokesperson told CoinDesk in an email.

USD Coin, the second-largest stablecoin, has seen its circulating supply decline below 25 billion for the first since 2021 after its issuer, Circle, curbed minting services for retail users. “In September 2021, we sunset a customer app and are now offboarding those legacy, individual consumer accounts,” Circle said in an Oct.

Circle said the account closures do not apply to businesses or institutional Circle Mint accounts.

USDC issuer said that retail users can no longer mint the stablecoin from Circle—they'll need to buy tokens from exchanges or brokerages.

This week's Crypto Biz looks at BlockFi's emergence from bankruptcy, BlackRock's spot Bitcoin ETF developments, Worldcoin's operator payment scheme upgrades and more.

The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network's validators created the first block, signifying the start of a new era for the Dydx chain.

The dYdX Foundation has launched the dYdX Chain mainnet, a significant development that enhances the utility of the DYDX token in the realms of staking, security, and governance. This proof-of-stake network, built using the Cosmos SDK, positions DYDX as its Layer 1 token, further cementing its role in the dYdX Chain.

Stakers and validators will also earn all of the newly launched chain's fees for helping to secure the dYdX Chain.

A prominent stablecoin issuer, Circle has entered a strategic alliance with Taiwan's top cryptocurrency service provider, BitoGroup, and the renowned convenience store chain, Taiwan FamilyMart. This move aims to revolutionize the use of loyalty points, enhancing their utility and facilitating a seamless transition into the digital economy for Taiwanese consumers.

Circle, the stablecoin issuer behind USDC, has announced a partnership with FamilyMart, Taiwan's second-largest convenience store chain, and local crypto exchange BitoGroup.

USDC Coin (CRYPTO: USDC) issuer, Circle, announced its partnership with Taiwanese crypto exchange BitoGroup and Taiwan FamilyMart to deepen its presence in the market. The three companies are looking to launch a points-to-crypto service enabling users to convert their FamilyMart loyalty points into cryptocurrencies like USDC.

The stablecoin issuer has also joined forces with BitoPro Crypto Exchange operator, BitoGroup. Circle Internet Financial has announced a strategic partnership agreement with BitoGroup and Taiwan FamilyMart in a bid to expand USDC's usage in East Asia.

In a notable development in the cryptocurrency world, Worldcoin, the pioneering project that aims to verify people's uniqueness and existence through its Operator network, has officially announced a strategic change in its payment policy. Effective October 10, 2023, Worldcoin will cease payments in the USDC stablecoin, instead opting for its native WLD cryptocurrency.

As the interest rate environment has changes, the market of EUR stablecoin issuers has changed significantly. Circle Internet Financial has become the largest EUR-backed stablecoin (EURC) issuer on the market, surpassing Tether's EURT and Stasis' EURS stablecoins.

Worldcoin, a prominent cryptocurrency venture, recently unveiled its plans to pay its Orb Operators, responsible for iris-scanning processes, using its in-house Worldcoin (WLD) token. This strategic shift implies moving away from the USD Coin (USDC) payments starting from November.

The Worldcoin Foundation has disclosed plans to compensate orb operators with WLD tokens rather than USDC stablecoins for scanning individuals into the Worldcoin network.

By November, all Orb operators are expected to be paid entirely in WLD rather than USDC.

Worldcoin has been met with ambitious acceptance in the crypto community and has made waves in the blockchain and crypto space. The recent report explains that Orb's operations are to be paid in the native token WLD and not USDC (USD coin).

Binance's development plan promises improved functionality, accessibility, and efficiency for users, impacting decentralized finance.