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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.
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.
Circle Internet Financial, the sole overseer of the USDC stablecoin, is reportedly gearing up to unveil the stablecoin's integration onto six additional blockchains.
In a monumental and groundbreaking development, the world of cryptocurrency has witnessed a significant strategic shift as Coinbase, a prominent cryptocurrency exchange, has made a move to acquire a minority stake in Circle Internet Financial. This event comes hand in hand with the dissolution of the Centre Consortium partnership, which played a crucial role in the governance of USD Coin (USDC), the second-largest stablecoin globally.
Solana Pay, a decentralized payment protocol developed by Solana Labs, has made a significant stride by integrating its plug-in with Shopify. This integration allows millions of businesses on Shopify's platform to accept payments in USDC, the second-largest stablecoin with a market capitalization of $25.9 billion.
Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday.
The Solana Foundation says payments through the plugin require lowers fees than using a credit card.
The deal could see 11 million users on Solana get access to Shopify and leverage low transaction fees and other incentives.
E-commerce businesses using Shopify can now integrate Solana Pay to enable USDC payments
Circle is reportedly debuting USDC on six new blockchains including Polygon PoS, Base, Optimism, Polkadot and Cosmos.
Top US crypto exchange by trading volume Coinbase is investing in the USD Coin (USDC) stablecoin issuer Circle. Coinbase and Circle co-created USDC in 2018 and have jointly managed the asset, which aims to maintain a peg to the US dollar, through the Centre Consortium.
Solana Pay has reportedly been added to Shopify's payment solutions, giving millions of merchants access to cryptocurrencies.
Circle, the issuer of USDC, said the stablecoin will now be available on six more blockchains and layer-2 platforms, including Base and Polkadot
Shopify's new partnership with Solana Pay offers a crypto-focused e-commerce experience via USDC payments.
This strategic move reflects Circle's commitment to fostering cross-chain interoperability and accessibility.
