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USD Coin (USDC), the world's largest crypto currency, has seen a steep decline in value recently, dropping below $1.00 for the first time in several weeks. The dip in prices has been attributed to a number of factors, including regulatory concerns and environmental impact.

Circle continues to back its stablecoin USDC, with adequate amount of reserves in its treasury. Despite this the faith in its stablecoin, USDC did not perform well.

The brief depeg of USDC stablecoin triggered a surge in transactions and active users on Avalanche.

Wu Blockchain has reported that Polygon's POS-based multichain lending protocol 0VIX has been hacked with a total loss of about $2 million.

Tether (CRYPTO: USDT) has become the leading stablecoin on the Polygon (CRYPTO: MATIC) network in the first quarter (Q1) of 2023 with a $735 million market cap, surpassing USD Coin (CRYPTO: USDC). Polygon's Q1 performance showcased consistent financial metrics, a stabilized DeFi ecosystem, and thriving NFT (non-fungible token) and gaming sectors, an analysis by cryptocurrency intelligence firm Messari revealed.

Circle's USDC stablecoin has launched the Cross-Chain Transfer Protocol, enabling the seamless transfer of USDC across different blockchains without the need for bridges.

Circle said that CCTP is a highly secure and capital-efficient way for USDC transfers in an increasingly multi-chain environment.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World reports on sentiment at Consensus 2023 and Circle CEO Jeremy Allaire discusses the stablecoin issuer's latest announcement.

If you're a cryptocurrency enthusiast, you probably know that Circle is the creator of US Dollar Coin (USDC). And, boy, do they have some exciting news for you!

Decentralized insurance protocol Etherisc on Thursday announced its new peer-to-peer coverage option, meant to potentially cover participating users should USDC depeg again in the future.

Etherisc customers can help prevent USDC losses by purchasing insurance on the peer-to-peer insurance marketplace.

Circle launches protocol to transfer USDC between Ethereum and Avalanche networks, eliminating need for third-party bridges.

Circle launches USDC cross-chain transfer protocol across Ethereum and Avalanche, cutting off the use of third-party bridges.

Circle, the fintech company behind the USD Coin stablecoin, has released the Cross-Chain Transfer Protocol (CCTP), which allows users to transfer USDC seamlessly between the Ethereum and Avalanche blockchains.

During the Consensus 2023 conference, Jeremy Allaire, CEO of Circle, the stablecoin issuer behind USD Coin (USDC), emphasized the importance of the United States implementing stablecoin legislation and digitizing the U.S. dollar (USD) in response to the "very active de-dollarization taking place" around the world right now.

Stablecoin issuer Circle has launched its Cross-Chain Transfer Protocol (CCTP) on the mainnet, enabling permissionless transfers of USDC natively across supported blockchains. With the new transfer protocol, developers can now build applications that support different native versions of USDC.

USDC stablecoin is on the bright side of the news spectrum today, April 26, as the founding company Circle hits a significant milestone with the launch of its cross-chain transfer protocol (CCTP) on Ethereum and Avalanche.

Stablecoin issuer Circle announced on April 26 the mainnet launch of its cross-chain transfer protocol with support for two blockchains. Circle launches CCTP The product, called Cross-Chain Transfer Protocol (CCTP), allows developers to easily move the USDC stablecoin between Ethereum and Avalanche.

Circle CEO Jeremy Allaire blames US regulators for the decline in the market capitalization of the company's stablecoin, USD Coin (USDC). In an interview with Bloomberg TV, Allaire expressed concern about the regulatory environment in the US and its impact on the global banking system.

Circle, the company behind the US Dollar Coin (USDC), has announced the launch of its mainnet protocol that enables users to seamlessly transfer USDC between Ethereum and Avalanche. This revolutionary Cross-Chain Transfer Protocol (CCTP) eliminates the need for USDC bridges, simplifying transactions and enhancing security for users.

CCTP allows users to transfer USDC between Ethereum and Avalanche. The protocol provides a highly secure and efficient way to transact USDC.

Circle CEO Jeremy Allaire has blamed the declining market capitalization of USD Coin (USDC) on the cryptocurrency crackdown by US regulators. Allaire cited global concern about the US banking system and regulatory environment as major factors.

Circle has released a mainnet protocol allowing users to transfer USDC between Ethereum and Avalanche. The Cross-Chain Transfer Protocol (CCTP) eliminates the need for USDC bridges and aims to reduce fragmentation in the Web3 ecosystem.

Circle CEO Jeremy Allaire has attributed the declining market capitalization of USD Coin (USDC) to increased regulatory scrutiny in the United States. Amid the recent collapse of the FTX exchange, a banking crisis, and USDC's temporary depegging, Allaire expressed concerns about the US banking system and regulatory environment during an interview with Bloomberg TV.