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In a strategic move towards enhancing the digital payments landscape, fintech powerhouse Circle has unveiled a groundbreaking partnership with e-commerce titan Mercado Libre on August 29th. The objective of this collaboration is to introduce the widely recognized USD Coin (USDC) stablecoin to the Mercado Pago online payment platform, a subsidiary of Mercado Libre.
Since the beginning of the year, Circle and its USDC stablecoin have seen a decrease in dominance on the Ethereum blockchain reflecting a downsizing for the cryptocurrency pegged to the value of the dollar.
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Circle CEO Jeremy Allaire has announced that its USDC stablecoin will launch natively on the Base Network next week. A New Home For USDC Circle CEO Jeremy Allaire has revealed that the USDC stablecoin will soon find its native home on the Base Network, with the launch scheduled for next week.
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By integrating the USDC for users in Chile, Circle will be hoping to offer them the stability of the U.S. dollar while also creating diverse payment options for them.
Circle plans to launch native USDC on Base blockchain, replacing bridged USDbC liquidity. The token will be fully reserved and redeemable for US dollars, enhancing scalability, transaction speeds, and reduced gas fees.
Fintech firms Circle and Mercado Pago have announced a strategic alliance to introduce the USDC stablecoin to Chilean customers.
Circle's CEO Jeremy Allaire has announced that USDC will be launched natively on the Base Network platform next week. Allaire took to social media platform X (formerly known as Twitter) to share this news, emphasizing the benefits and implications of this integration.
Major shifts are on the horizon for USDC users and the Base network. An announcement from Circle's CEO, Jeremy Allaire, revealed that their renowned stablecoin, USD Coin (USDC), will soon make its native appearance on the Base network.
Circle (CRYPTO: USDC) unveiled a new partnership with Mercado Pago, a leading payment platform in Latin America, to bring the USDC stablecoin to Chilean customers. This move is particularly significant given Chile's current economic hurdles and rising inflation.
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.
