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Circle's Cross-Chain Transfer Protocol lets users burn USDC on one chain while Circle sends them newly minted USDC on another. 

Can physical money save the day for this cryptocurrency company?

Cross-chain bridges accounted for the loss of billions of dollars from crypto hacks in 2022. Circle's USDC new protocol is a workaround on cross-chain bridges that is cheaper and more efficient.

Jeremy Allaire, the co-founder and CEO of Circle, has notified the crypto community that the launch of their Cross-Chain Transfer Protocol (CCTP) is getting closer. 

Key Points: Circle is implementing a protocol that helps foster more scalable, efficient, secure and user-friendly apps built on USDC. Circle CEO Jeremy Allaire tweeted that Circle's Cross-Chain Transfer Protocol (CCTP) will be launched soon.

Many investors are being saved by stablecoins from the almost inevitable volatility of the cryptocurrency market. Investors buy stable coins every day because they provide better security against cryptocurrency volatility.

Crypto Optical Illusion Challenge: An optical illusion is an illusion caused by the visual system and characterized by a visual perception that arguably appears to differ from reality. Observing optical illusions is a great way to train your mind to look beyond plain sight and think beyond the first thought.

Genesis Trading's lending business Genesis Global Capital filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. Amid the bankruptcy filing, Genesis Trading is actively transferring crypto assets to other crypto exchanges and wallets.

The researchers compared the average cost of remittances according to World Bank data with estimated costs of trading USDC and EUROC stablecoins at Uniswap.

The Ethereum Name Service (ENS) DAO is considering a proposal to sell 10,000 ETH for USDC via a Gnosis Auction.

Two transactions made by TRON founder were flagged

Comparison of the market's biggest stablecoins

Circle reassured the USDC holders and the general public that it remained committed to transparency.

Circle has released the first-ever state of the USDC economy report entitled “State of the USDC Economy - Welcome to the Utility Value Phase of Digital Currency.”

Circle, who for years partnered with firm Grant Thornton for its audits, makes the switch to Deloitte as various accounting firms express concern over working with crypto companies

Circle, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin, celebrates its 10 year anniversary in 2023 and five years since the launch of USDC.

In a recent report on the state of the USDC economy, Circle devoted a section on the stablecoin “always” being 1:1 redeemable for United States dollars. The post Circle: USDC stablecoin is always 1:1 redeemable for US dollars appeared first on CryptoSlate.

Fintech firm and USDC issuer Circle celebrates its 10th anniversary and the 5th anniversary of USDC by releasing its first annual report on USDC.

Major markets such as the United States need new statutory definitions of digital assets to provide regulatory clarity for the sector, Jeremy Allaire, CEO of USDC stablecoin issuer Circle said on Monday.

Wormhole network exploiters have transferred $2.9 million USDC to a new Ethereum wallet based on a report by crypto security site, Mistrack. Over 120,000 ETH were previously stolen from Wormhole.

Key Points: According to the latest discovery by crypto security site Mistrack, Wormhole attackers have just transferred 2.9 million USDC to a new wallet address on Ethereum. The initial gas fee was from a marked wallet address before.

According to a recent Glassnode report, USDC's transactions volume just outdid USDT's having recorded enormous amounts of transactions in the recent few days.

The two largest stablecoins by market capitalization, Tether's USDT and Circle's USDC, continue to compete for dominance in the market. As of recently, USDC has dethroned USDT in terms of transfer volume, according to an on-chain statistical study conducted by Glassnode.

Despite the fact that customers may be shifting their focus to its competitor, Tether doesn't see a threat.