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The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.
USDC's ascent falters as market cap dwindles; SVB's stumble deepens troubles. Meanwhile, Tether's rise accentuates the divide, reshaping the stablecoin landscape.
Alpaca Crypto is pleased to share updates with their traders and partners.
Blockchain tracker Lookonchain says that the bankrupt crypto lender Voyager has deposited $85 million worth of the stablecoin USD Coin (USDC) with Circle. Lookonchain notes that Voyager has been selling assets on Coinbase and has received $84.5 million worth of USDC from the exchange in total. The embattled lender reportedly still holds $11.
Jeremy Allaire, the CEO of Circle, has revealed a surprising statistic that sheds light on the growing international reach of the USD Coin (USDC). Despite its initial association with the United States, up to 70% of UDC's adoption is now originating from countries outside of the U.S.
PayPal, a forerunner in the digital payments sector, is charting its own path with its stablecoin, PYUSD, as it appears to be embracing a unique revenue model distinct from its competitors. According to a recent report by Bloomberg, PayPal's approach to revenue generation is set to differentiate it from other major stablecoin players.
Circle revealed that it is actively pursuing partnerships to promote the adoption of USD Coin.
American stablecoin issuer Circle is relying on a $1 billion dollar cash buffer to help reverse a decline in circulating supply and compete with a wave of newcomers. Competition in the stablecoin market is heating up, buoyed by the premise of potential regulations in the United States.
Circle is strengthening its position with a $1 billion cash buffer to counteract challenges posed by dominant non-crypto entities like PayPal
Circle's USDC stablecoin is down from $45 billion in circulation at the start 2023 to just $26 billion as the summer winds down.
Web3.0 startup and stablecoin issuer, Circle has reported a better-than-expected financial performance for the first half of the year. The Circle Revenue Boost Per a report from Bloomberg as propagated by Circle CEO, Jeremy Allaire, the company raked in a total of $779 million in the first half of this year.
The battle for supremacy among stablecoins is a fierce one, with USD Coin (USDC) and Tether (USDT) emerging as two key contenders. Recent insights shared by the market intelligence platform IntoTheBlock shed light on the nuanced preferences of institutional stablecoin investors, offering a comprehensive comparison of metrics associated with these prominent players.
"Ramp will support Base right from its inception, enabling transactions with ETH and USDC from day one," CEO Sypniewicz said.
Circle CEO Jeremy Allaire says that non-US markets are driving the adoption of Circle's dollar-pegged stablecoin USD Coin (USDC). Allaire says there's a large international demand for “safe, transparent digital dollars.
This week's episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.
PayPal unveiled its own stablecoin on Monday, becoming the first major U.S. fintech company to venture into the world of stablecoins. The newly launched dollar-pegged stablecoin, aptly named PayPal USD, aims to revolutionize the movement of funds among millions of crypto investors, promising a distinct competitive edge despite the prevailing market conditions.
Circles top executive, Jeremy Allaire, recently shared that the majority of USD Coin (USDC) users hail from regions outside the United States. Allaires update on August 8 to his 131,300 followers on X (formerly Twitter) highlighted the impressive statistics, noting that approximately 70% of all USDC interactions are international.
Regulatory issues may have played a key role in determining which side whales and institutions would sway in the USDT vs. USDC battle for dominance.
Circle is directing its attention to international markets where there is a rising trend in adoption.
In the ever-evolving world of cryptocurrencies, Binance, a prominent cryptocurrency exchange, has released its latest report, giving a sneak peek into its digital treasure chest. While this audit provides insight into Binance's financial standing, it's the movement of its USDC reserves after the Silvergate incident that has ignited conversations and piqued interest within the crypto realm.
Jeremy Allaire, Co-founder & CEO of Circle, a Fintech that's focused on stablecoins and other services supporting the blockchain and crypto sector, says that despite the hype that they're all about the US, the firm “estimates that 70% of USDC adoption is non-US, and some
The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.
Circle's CEO, Jeremy Allaire, unveiled that approximately 70% of USDC adoption occurs outside the United States. Despite the perception that USDC primarily caters to the US market, emerging economies and developing regions emerge as strongholds for this stablecoin.
The exchange's USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1.
