Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil.

Tether's USDT continues to secure its dominant position in the stablecoin market. According to data from Token Terminal, USDT's market share grew to 75% from 55% in the past two years and the supply of USDT also nearly doubled during that period of time.

During the U.S. trading session on Wednesday, the cryptocurrency market witnessed a sudden uptick following the Fed interest rates by 50 BPS. The Bitcoin price surged above $60000 and sparked a renewed recovery momentum in the altcoin market.

Layer-1 smart contract platform SUI Network (SUI) is surging after announcing plans to support the stablecoin USDC. In a new blog post, USDC issuer and payments platform Circle says that the network will be adding USDC as well as support for Cross-Chain Transfer Protocol (CCTP), which allows interoperability with other prominent blockchains.

Crypto custodian BitGo just launched a new stablecoin, USDS. Will it find a place in a crowded market dominated by Tether and USDC?

Tether's September 18 report revealed that the company froze over 1,850 wallets linked to criminal activities across 45 jurisdictions, in collaboration with more than 180 agencies.

Circle, a stablecoin issuer, has expanded its reach in Latin America by offering USD Coin (USDC) in Mexico and Brazil.

Tether, the company behind stablecoin USDT, has released its Q2 2024 attestation report, confirming reserves of $118.4 billion. As per the report, the reserves surpass the company's liabilities by $5.3 billion.

Cryptocurrency firm BitGo has confirmed plans to launch the USD Standard (USDS) stablecoin in January next year. The USD-pegged asset aims to transform the crypto space by challenging single issuers such as Tether and Circle. The stablecoin market has long been dominated by players who prioritize profits over ecosystem growth.

Tether (USDT) bolsters financial transparency and law enforcement collaboration, enhancing global financial inclusion and security.

Binance has launched a promotion allowing users to earn up to 104 USDC through deposits or crypto purchases. The promotion runs from September 19 to October 17, 2024.

Sui has recorded an impressive price rally last day following the integration of native USDC on the platform. At the time of writing, Sui (SUI) was still up 10% over the past day, exchanging hands at $1.

Crypto custodian BitGo is set to enter the stablecoin market with plans to launch a dollar-backed USDS stablecoin by 2025, according to a Sept. 18 statement.

BitGo, a leading name in crypto custody, is shaking things up. They're about to launch a new stablecoin called USDS in January 2025. But this isn't just another coin joining the crowd of stablecoins dominated by big players like Tether and Circle.

This means companies can access USDC directly from local banks, making it easier and faster to use digital dollars for business. No need to send money overseas and wait for it to clear – now it can happen in just minutes instead of days.

USDT continues to dominate the market with a market cap exceeding 118 billion dollars.

Circle announced new integrations with local payment systems in both Brazil and Mexico.

Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange.

SUI, the network's native token, is up over 10% following the news and currently exchanging hands for $1.15.

USDC is now integrated into the banking systems of Brazil and Mexico, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions.

USDC is now available through traditional financial institutions in Brazil and Mexico after the issuer Circle connected the stablecoin to banking rails in the countries. In a release, Circle said it connected USDC to SPEI, a system powered by Banco de Mexico and PIX, the payment systems launched by the Central Bank of Brazil.

The Bridged USDC Standard support offers greater ease for developers and security for users.

TON solidifies its position as one of the fastest growing blockchains through its latest stablecoin milestone.

Tether's stablecoin continues to dominate rivals, including Circe's U.S. Dollar Coin (USDC).

The Sui Foundation has announced a new partnership with MoviePass, the U.S.-based movie subscription service. According to a press release shared with crypto.

Circle has enabled support for local bank transfers for USD Coin (USDC) in Brazil and Mexico through their national payment systems, PIX and SPEI, respectively, according to a Sept. 17 press release.

Circle, the firm behind the USDC (USD Coin) stablecoin, has now entered Brazil and Mexico. Such a move is a major boost towards providing faster and cheaper digital dollar services to businesses in two of the largest Latin American economies.

Circle, the issuer of the USDC stablecoin, has broadened its payment functionalities to Brazil and Mexico, enabling transactions directly in local currencies—Brazilian reais and Mexican pesos.

USDC issuer Circle introduces the stablecoin in Brazil and Mexico in global expansion efforts.

Previously, the stablecoin could only be purchased through crypto exchanges.

Circle has expanded its stablecoin operations in Latin America to include Brazil and Mexico. In a company statement, stablecoin operator Circle revealed that its (USDC) token can now be used to settle payments in Brazil and Mexico.

Circle now supports PIX (Brazil) and SPEI (Mexico), eliminating international wire transfers for faster USDC access.

Circle's USDC integration in Brazil and Mexico could significantly enhance financial inclusion and streamline cross-border transactions in Latin America. The post Circle introduces USDC in Brazil and Mexico via local payment systems appeared first on Crypto Briefing.

Circle plans on launching the USDC stablecoin on Sui sometime soon, according to Circle CEO Jeremy Allaire.

The revived MoviePass unveiled plans to integrate USDC via Sui to pay for subscriptions, plus the Sui Foundation has taken an equity stake.

A decline in USDT reserves could indicate reduced faith in a price recovery.

The largest stablecoin's market cap has almost doubled, while key rivals declined and new entrants have yet to challenge its position.

Circle announced that USDC will soon be supported on the Sui blockchain, and will improve the network's security, usability, and interoperability.

The move allows the direct conversion of Reas and Pesos into USDC, omitting the need to convert the fiat currencies into USD.

Singapore, Singapore, 17th September 2024, Chainwire

The Sui Network is set to integrate USDC, enhancing DeFi utility and interoperability through increased liquidity and streamlined transactions.

Circle has announced its decision to launch its USD Coin (USDC) on the Sui network, a move that has promptly propelled the price of Sui (SUI) cryptocurrency. This initiative marks a continuation of USDC's expansion across multiple blockchain platforms, now totaling sixteen with the addition of Sui.

TL;DR USDC on Sui Network: Circle CEO Jeremy Allaire announced that USD Coin (USDC) will soon be natively supported on the Sui network, enhancing its interoperability and functionality. What is USDC?: USDC is a stablecoin pegged to the US dollar, widely trusted, and used across over 15 blockchain networks, including Ethereum and Solana.

Jeremy Allaire, Circle's Co-founder, Chairman, and CEO, hinted that native USDC would launch on the SUI ecosystem. An official ambassador of the SUI network, Edle, confirmed that many users hesitated to bridge USDC or USDT from Ether to SUI due to slow speeds and high gas fees.

Circle has recently integrated USDC, its flagship stablecoin, into both Sony's Soneium, an Ethereum layer-2 solution, and the Sui blockchain.

Circle, the issuer of USD Coin (USDC), is expanding its stablecoin to the Sui network, a layer-1 (L1) blockchain platform.

Stablecoin issuer Circle is expanding its native issuance of USD Coin (USDC) and deploying its Cross-Chain Transfer Protocol on the layer-1 blockchain Sui. In a Sept.

Users and developers on Sui will benefit from a more seamless experience with USDC.